Enersize establishes a convertible credit facility of up to SEK 2.0 million – strengthens liquidity and financial flexibility
Enersize Oyj (“Enersize” or the “Company”) has established a convertible credit facility of up to SEK 2.0 million, of which SEK 1.5 million is initially available and the remaining amount may be made available subject to agreement between the parties. The purpose is to strengthen the Company’s liquidity and financial flexibility. The facility is intended to support the Company’s operational plan and the continued commercial rollout within the partnership with ONE Nordic.
The Company is currently undergoing a transition in which the business is evolving from a sales- and service-oriented model towards a clearer product company with a focus on product ownership and partnerships. This transition is expected to contribute to a more scalable cost base and a clearer revenue model.
Support from existing shareholders and strategic rationale
The credit facility is provided by existing shareholders as part of their long-term commitment to the Company. The assessment is that Enersize, as a listed company, has the potential to create additional value through future strategic opportunities. The facility strengthens the Company’s financial flexibility in this process.
“The credit facility strengthens our financial flexibility and creates the conditions to maintain momentum in the transition towards a clearer product company together with ONE Nordic. At the same time, it is a confirmation of our shareholders’ long-term commitment and their confidence in Enersize as an attractive listed platform over time,” says Fredrik Arrigucci, CEO of Enersize.
Key terms
Credit facility: up to SEK 2.0 million, of which SEK 1.5 million initially available
Maturity: until 31 December 2026
Drawdown: available on demand up to the facility’s maximum amount
Repayment: in cash or through set-off against newly issued shares
Other terms: market-based terms regarding interest and arrangement fee