Nanotechnology company Smoltek has entered into a loan agreement totaling 11 million SEK. The facility is provided by five lenders, including Chairman of the Board Oskar Säfström, through Helm Properties, and Board Member David Gramnaes, through Gramtec Invest, both of whom are major shareholders in Smoltek. This was announced in a press release.

The loan, which may be converted into Smoltek shares under certain conditions, has been secured to bolster the company's working capital and liquidity. Simultaneously, Smoltek is evaluating various options to strengthen its long-term financing.

The 11 million SEK loan carries a setup fee of five percent of the total principal, along with a monthly capitalized interest rate of 1.5 percent. The loan matures on December 31, 2026, though the company retains the right to prepay the loan and accrued interest ahead of schedule.