DeepVerge plc secured a mezzanine loan facility of up to £25 million ("Facility"), with Riverfort Global Opportunities PCC Limited and YA II PN, Ltd, available for 3-years in the form of 12-month mezzanine loan notes to fuel momentum across all divisions of the Group. The initial drawdown of £4 million will be used for; the Glanaco acquisition; expansion of manufacturing capacity and laboratory space in the US for the Skin Trust Club; and maintaining the growth trajectory of equipment production and build on the increasing demand the Group is experiencing for its products and services across all divisions. The Facility provides flexible draw down facilities at an interest rate of 1% per month on the outstanding funds drawn down.

The loans are convertible at a 40% premium to a 5 day volume weighted average price ("VWAP") prior to the date of each draw down.