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SpectrumOne AB — Capital/Financing Update 2019
Dec 19, 2019
8586_iss_2019-12-19_3aceac40-ea91-47c6-9e7e-1e5a0d585245.html
Capital/Financing Update
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TargetEveryone to achieve positive cash flow by loan agreement amounting to 10 million SEK with largest shareholder
TargetEveryone to achieve positive cash flow by loan agreement amounting to 10 million SEK with largest shareholder
Targeteveryone has signed loan agreement with largest shareholder Jörns
Bullmarknad amounting to 10 million SEK in order to achieve positive cash flow.
The yearly interest rate is 10 % and the loan will be paid out in instalments
until March 31, 2020. In connection with the final disbursement, the loan will
be set off against a directed issue of convertibles totalling 10 million SEK
plus accrued interest. The convertible bonds carry a 10 % annual interest rate
and can until March 31, 2022, be converted into shares in TargetEveryone AB at
the price of 1 SEK per share. This loan replaces the loan from the Norwegian
financial institute the company announced it would have raised.
"We are pleased to get this financing on attractive terms from our largest
shareholder, which shows a strong belief in TargetEveryone's future. This is a
major step for us becoming strong enough to really execute our plan. It gives us
the foresight needed to take every strategic step to grow, partner with the best
and thus become number one Martech company in Europe. We already had the
solution to do so, now we also have the financial capabilities to act towards
it. This gives us the potential to fund the current operating plan and achieve a
positive cash flow during next year" says CEO Hosni Teque-Omeirat.
For further information contact:
Hosni Teque-Omeirat
CEO
+46 70 225 18 77
Certified Adviser:
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
www.mangold.se
TargetEveryone AB (publ) is obligated to publish this information under the EU
Market Abuse Regulation. The information was provided by the above contact
person's auspices, for publication on December 19, 2019 at 12.25 a.m. CET.
About TargetEveryone
TargetEveryone is a MARTECH company, enabling our clients to streamline their 1
-1 digital marketing, content and experiences within one SaaS online platform.
Our unique solution makes marketeers able to easily target exactly the customers
they want, and communicate with them in the channels they prefer, to maximize
ROI. Our clients can easily segment their customers based on CRM data, market
data and transactional data. Further, they can use a campaign editor to quickly
build campaigns, and distribute these through our multichannel distribution
system either by Email, SMS or SMS landing pages. TargetEveryone´s headquarter
is in Oslo, with branch offices in Sweden, Holland and USA. TargetEveryone is
listed on Nasdaq First North Growth Market in Stockholm and Merkur Market in
Oslo.
www.targeteveryone.com