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2024-03-26 Bokslutskommuniké 2023
2023-12-22 Extra Bolagsstämma 2023
2023-11-23 Kvartalsrapport 2023-Q3
2023-08-11 Kvartalsrapport 2023-Q2
2023-05-17 X-dag ordinarie utdelning COALA 0.00 SEK
2023-05-16 Årsstämma 2023
2023-05-04 Kvartalsrapport 2023-Q1
2023-03-31 Bokslutskommuniké 2022
2023-01-26 Extra Bolagsstämma 2022
2022-11-16 Kvartalsrapport 2022-Q3
2022-08-17 Kvartalsrapport 2022-Q2
2022-05-31 X-dag ordinarie utdelning COALA 0.00 SEK
2022-05-30 Årsstämma 2022
2022-05-24 Kvartalsrapport 2022-Q1
2022-05-04 Kvartalsrapport 2022-Q1
2022-02-23 Bokslutskommuniké 2021
2021-12-14 X-dag ordinarie utdelning COALA 0.00 SEK
2021-11-04 Split COALA 50:1
2021-10-29 Extra Bolagsstämma 2021
2021-08-10 Extra Bolagsstämma 2021
2021-06-24 Kvartalsrapport 2021-Q3
2021-03-25 Kvartalsrapport 2021-Q2
2020-12-23 X-dag ordinarie utdelning COALA 0.00 SEK
2020-12-22 Kvartalsrapport 2021-Q1
2020-12-22 Årsstämma 2021
2020-10-22 Bokslutskommuniké 2020
2020-06-25 Kvartalsrapport 2020-Q3
2020-03-26 Kvartalsrapport 2020-Q2
2019-12-20 X-dag ordinarie utdelning COALA 0.00 SEK
2019-12-19 Årsstämma 2020
2019-12-12 Kvartalsrapport 2020-Q1
2019-10-30 Extra Bolagsstämma 2019
2019-10-10 Bokslutskommuniké 2019
2019-06-26 Kvartalsrapport 2019-Q3
2019-03-26 Kvartalsrapport 2019-Q2
2018-12-21 X-dag ordinarie utdelning COALA 0.00 SEK
2018-12-20 Kvartalsrapport 2019-Q1
2018-12-20 Årsstämma 2019
2018-10-11 Bokslutskommuniké 2018
2018-03-27 Kvartalsrapport 2018-Q2
2017-12-22 X-dag ordinarie utdelning COALA 0.30 SEK
2017-12-21 Årsstämma 2018
2017-10-12 Bokslutskommuniké 2017
2017-07-21 Kvartalsrapport 2018-Q1
2017-06-21 Kvartalsrapport 2017-Q3
2017-03-27 Kvartalsrapport 2017-Q2
2016-12-22 X-dag ordinarie utdelning COALA 0.25 SEK
2016-12-21 Årsstämma 2017
2016-12-21 Kvartalsrapport 2017-Q1
2016-10-19 Bokslutskommuniké 2016
2016-06-23 Kvartalsrapport 2016-Q3
2016-03-24 Kvartalsrapport 2016-Q2
2015-12-18 X-dag ordinarie utdelning COALA 0.25 SEK
2015-12-17 Årsstämma 2016
2015-12-17 Kvartalsrapport 2016-Q1
2015-10-22 Bokslutskommuniké 2015
2015-06-23 Kvartalsrapport 2015-Q3
2015-03-26 Kvartalsrapport 2015-Q2
2014-12-19 X-dag ordinarie utdelning COALA 0.00 SEK
2014-12-18 Årsstämma 2015
2014-12-18 Kvartalsrapport 2015-Q1
2014-10-23 Bokslutskommuniké 2014
2014-06-26 Kvartalsrapport 2014-Q3
2014-04-02 Kvartalsrapport 2014-Q2
2014-01-17 X-dag ordinarie utdelning COALA 0.00 SEK
2014-01-16 Årsstämma 2014
2014-01-15 Kvartalsrapport 2014-Q1
2013-10-31 Analytiker möte 2013
2013-10-31 Bokslutskommuniké 2013
2013-06-27 Kvartalsrapport 2013-Q3
2013-06-05 Split COALA 200:1
2013-03-27 Extra Bolagsstämma 2013
2013-03-25 Kvartalsrapport 2013-Q2
2013-01-18 X-dag ordinarie utdelning COALA 0.00 SEK
2013-01-17 Årsstämma 2013
2013-01-16 Kvartalsrapport 2013-Q1
2012-10-24 Bokslutskommuniké 2012
2012-06-27 Kvartalsrapport 2012-Q3
2012-03-30 Kvartalsrapport 2012-Q2
2012-01-20 X-dag ordinarie utdelning COALA 0.00 SEK
2012-01-19 Årsstämma 2012
2012-01-18 Kvartalsrapport 2012-Q1
2011-10-27 Bokslutskommuniké 2011
2011-06-30 Kvartalsrapport 2011-Q3
2011-04-06 Kvartalsrapport 2011-Q2
2011-01-21 X-dag ordinarie utdelning COALA 0.00 SEK
2011-01-20 Årsstämma 2011
2011-01-19 Kvartalsrapport 2011-Q1
2010-10-22 Kvartalsrapport 2010-Q3
2010-10-21 Bokslutskommuniké 2010
2010-06-23 Kvartalsrapport 2010-Q2
2010-03-26 Kvartalsrapport 2010-Q1
2010-01-13 Kvartalsrapport 2009-Q1
2009-10-22 Kvartalsrapport 2009-Q3
2009-06-17 Kvartalsrapport 2009-Q2
2009-01-28 Årsstämma 1
2006-03-01 Split COALA 1:2
2005-05-04 Split COALA 1:2

Beskrivning

LandSverige
ListaFirst North Stockholm
SektorHälsovård
IndustriMedicinteknik
Coala Life är verksamt inom medicinteknik inriktade mot smartphone- och molnbaserad hjärt- och lungdiagnostik. Bolaget har utvecklat och lanserat Coala Heart Monitor, en produktplattform som möjliggör långtidsmonitorering, analys och algoritmbaserad diagnostik av hjärta och lungor på distans. Bolaget är verksamt inom Europa och USA med huvudkontor i Uppsala.
2024-02-01 14:42:00

Coala-Life Group AB ("Coala Life" or the "Company") today announces that the Company has secured liquidity through an agreement with parties that provided the Company with bridge financing in the rights issue carried out in January 2024 and service providers to the Company as well as existing shareholders through partial extension and conversion of outstanding bridge loans, new shareholder loans intended to be set off against new shares in the Company and agreements with service providers on deferred payments of receivables. The agreement has been reached to provide the Company with improved financial operational flexibility and delivery capacity in the business. The settlement initially secures liquidity for the Company amounting to approximately SEK 27.3 million, which the Company deems sufficient for the Company's operations until the exercise period of the warrant of series 3 ("TO3") in June 2024. The Company also provides an update on cost-saving measures, focus and future prospects.

Coala Life's solution for factoring has not worked in an appropriate way and has thus been terminated, which has meant extended payment periods for the Company and over time a total liquidity impact of approximately SEK 15 million and a liquidity impact of approximately SEK 7 million through customers with whom the business relationship has been terminated due to lack of profitability and poor payment compliance. In connection with this, Coala Life has decided to focus its customer work on managing and further developing a limited number of customers, including the company Coala Life recently signed a cooperation agreement with, which accounts for the majority of the Company's recurring revenues. The Company's negotiations with a new supplier of factoring have been ongoing and have now been discontinued since the model, including offered terms in terms of cost and volume, is not appropriate for the Company.

Coala Life has today reached an agreement with a number of parties on a financing solution that initially secures liquidity for the Company amounting to approximately SEK 27.3 million. These parties include companies that have provided the Company with bridge financing in connection with the rights issue carried out in January 2024, a group of existing shareholders (the "Owner Consortium") and three service providers to the Company. The settlement means that bridge financiers have agreed with the Company on a conversion (through set-off in an issue of new shares) of outstanding bridge loans of approximately SEK 5.3 million at a subscription price of SEK 0.063, whereby 84,285,714 new shares are issued. The subscription price corresponds to the subscription price in the rights issue carried out in January 2024, adjusted upwards so as not to fall below the quota value of the shares at the intended registration date and is deemed by the Company's board of directors to be in accordance with market conditions. In addition, the remaining outstanding bridge loan of approximately SEK 2.0 million will be partially extended until 30 June 2025, when amortization will take place. In total, approximately SEK 11.3 million of the bridge loans will be repaid in cash. The Owner Consortium will provide the Company with new and extended loans totaling approximately SEK 11.5 million, which the lenders have contractually committed to offset against the issuance of new shares in the Company at a subscription price of SEK 0.063 per new share (if requested by the Company). In addition, three service providers have agreed with the Company to defer payment of approximately SEK 8.4 million. With the liquidity from the settlement, the Company will settle current debts to suppliers of approximately SEK 17.0 million and in addition run the Company's business in the US with the remaining amount. The Company assesses that the amount is sufficient for the Company's operations until the exercise period of TO3 in June 2024.

Cost savings, strategic focus, and future prospects

The cost savings announced by the Company in September and December 2023, respectively, mean that the Company will reach an operational cost base of approximately SEK 6.5 million per month during the first quarter of 2024. In combination with a strategic decision which means that Coala Life will focus on a dozen larger, more cost-effective key customers going forward, including the customer contract that the Company announced through a press release on January 10, 2024, the Company sees gradually increasing margins and revenues during the first half of 2024 and an opportunity to achieve a positive operating profit at EBITDA level on a monthly basis by the end of the year.

Directed share issue and request for set-off

To enable repayment to bridge financiers in the form of new shares, the Board of Directors intends to utilize the set-off undertakings received and resolve on a new issue of shares against payment by set-off based with the support of an authorization granted by the Extraordinary General Meeting on 22 December 2023.

The reason for the deviation from the shareholders' preferential rights is to enable set-off of existing debts to meet the Company's immediate liquidity needs and secure a more favorable capital structure for the Company. The new shares will be issued at a price of SEK 0.063 per share, which has been determined through an arm's length negotiation and corresponds to the subscription price per new share in the rights issue carried out in January 2024 (where the subscription price per unit, consisting of four new shares and one warrant, free of charge, amounted to SEK 0.24) adjusted upwards so as not to fall below the quota value of the shares at the intended registration date. Considering the outcome of the rights issue, the subscription price is deemed to be in accordance with market conditions.

If the set-off undertakings are exercised by the Company in their entirety and the planned directed share issue is carried out, the Owner Consortium together with the bridge financiers is expected to subscribe for a total of approximately 267,000,000 new shares in the Company against payment by set-off, which would correspond to a dilution effect of approximately 17.4 percent in relation to the number of shares in the Company after the rights issue and the issuance for payment of consideration to guarantors in the form of new shares in the Company. The completion of the contemplated directed share issue will be announced through a separate press release.