Oslo, 30 June 2026
The Board of Directors of CodeLab has resolved to enter into a loan agreement
with a Norwegian company (the "Company") operating in the occupational health
services sector in Norway.
The Company is an attractive acquisition target for CodeLab within the OHS
business area.
The Company has a need for short-term financing due to growth investments and
seasonality effects, and CodeLab therefore wishes to provide a loan of NOK 4
million. The loan will have a term of six months and carry an interest rate of
15%. It will be secured by the Company's customer contracts, representing annual
recurring revenue equivalent to the loan amount.
For CodeLab, this represents a highly attractive opportunity:
- The loan ensures that CodeLab is well positioned to pursue an acquisition of
the Company should the opportunity arise
- The loan has an attractive interest rate given the robust security
- If default CodeLab will obtain a portfolio of customers in the occupational
health services sector yielding NOK 4 million in revenues with 80-90% margin
The Board believes that this transaction has the potential to create significant
value for all CodeLab shareholders. As part of the Transaction CodeLab has
raised NOK 3.4 million in unsecured loan from some of its shareholders. This
loan carries the same interest, and will be repaid in full once the Company has
settled its debt with CodeLab.
For further information, please contact:
CFO Christoffer Mathiesen: cm@codelabcapital.com
offer Mathiesen: cm@codelabcapital.com\