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Land | Sverige |
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Industri | Medicinteknik |
(Stockholm, Sweden, 24 May 2022) Inhalation Sciences AB has received a credit line from a consortium of lenders of up to SEK 10 million, giving the company increased scope to finance its operations and growth over the next 12-14 months.
The company's chairman of the board, Daniel Spasic, is among the lenders through his American company S-Growth Capital LLC, with a loan of SEK 1 million.
The company estimates that the credit line, together with self-generated funds, will be to sufficient to finance ISAB in line with its growth strategy for the coming 12-14 months.
Daniel Spasic, Chairman of the Board: "We are confident about the company's future prospects and strongly support the current growth strategy we have in place. Continuing to support the financing of ISAB, and thereby creating longer-term resilience and an improved outlook for delivering the strategy plan, was an obvious option for the lenders. Given the current challenges on the equity markets, issuing new shares was not a favorable option for either the shareholders or the company. The new credit line gives the company and its shareholders the greatest possible opportunity for creating future value over time."
Manoush Masarrat, CEO: "With this credit line, we have secured the company's operations for at least one year. This will help us continue with our strategic focus and expansion plans. Having access to loyal investors and the Chairman's own participation in this credit framework feels reassuring and we can now focus entirely on our operational activities."