INQ Group: Foreign capital at improved terms, and more deals guided for Q4 - Redeye

Redeye comments on INQ's SEK7m raise under its existing secured convertible facility from a new US-based investment manager. The tranche is on the same terms as the most recent one, with a conversion price of SEK0.16 per share, and it adds to the roughly USD1.55m of principal still outstanding after Tranches 1-5 were largely converted. The investor also receives warrants worth 20% of the amount funded, with a strike of SEK0.32 and a two-year term. Our estimates already include dilution from the convertible financing, so the news does not change our valuation.

Länk till analysen i sin helhet: https://www.redeye.se/research/1190561/inq-group-foreign-capital-at-improved-terms-and-more-deals-guided-for-q4?utm_source=finwire&utm_medium=RSS