Otovo signs deal to sell EDEA assets for $2.4 million

By Public Technologies
  • Otovo signed an agreement to sell part of its EDEA Europe holding, all EDEA Switzerland shares and some residual portfolio assets.
  • The sale is expected to generate approximately $2.4 million in proceeds and release a $1.5 million facility with DNB Bank.
  • The buyer could receive up to 2 million warrants at no additional cost if certain asset performance criteria fall short.
  • Proceeds would strengthen liquidity as the energy services platform completes and integrates acquisitions.


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