OrganoClick strengthens its financial position through a loan of SEK 13 million from Almi

By Modular Finance

OrganoClick AB today announces that it has secured a loan of SEK 13 million from Almi. The Loan strengthens OrganoClick’s financial position and maneuverability in a phase where the Company continues its international expansion of its consumer brands and several of the Company’s industrial customer projects are approaching commercialization.

The Loan amounts to a total of SEK 13 million with a term of 60 months, featuring straight-line amortization following an initial 6-month amortization-free period.

“We are happy to have strengthen our financial position with this loan, and happy to start this collaboration with Almi. Now we continue to focus on our sales development, adapting our cost structure according to our plan, and make the strategic change of business model within our business unit Wood protecion”, says Mårten Hellberg, CEO of OrganoClick.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.