OptiCept Technologies AB

OPTI

SE0005881786

Fishing & Farming

Market Closed - Nasdaq Stockholm Other stock markets 11:29:32 2024-04-26 am EDT			5-day change	1st Jan Change
2.6 ^SEK	-1.89%		-3.70%	-33.16%

Apr. 12	OptiCept Technologies AB Files Patent Application for Combined PEF and VI Treatment of Fruit and Vegetable Products	CI
Apr. 09	OptiCept Technologies AB Receives Order from Aceites Canoliva S.L	CI

OptiCept signs an agreement with Buntel that entails improved loan terms and the removal of conversion rights.

February 27, 2024 at 01:08 pm EST

OptiCept Technologies AB (ticker: OPTI) has renegotiated the loan terms for the existing Buntel loan. The improved conditions include an extended repayment period, better interest rates, and the removal of the conversion right to shares.

The company has today renegotiated the loan from Buntel with improved conditions. As of today, the outstanding debt to Buntel is approximately 10 million SEK, including accrued interest. The newly renegotiated agreement involves an extension of the repayment period, with the new maturity date set for March 31, 2025. In the original agreement, 5 million SEK was scheduled for repayment on April 30, 2024, and the remaining amount on October 31, 2024.

The interest conditions are also improved to an 18% annual interest rate. Previous conditions included monthly capitalization, which is now removed. The loan and interest are due in full on the maturity date of March 31, 2025. Finally, the right to convert to shares is also removed from the terms. OptiCept pays a fee of 500,000 for the improved conditions.

"I am very pleased with the new loan terms! We have a strategic plan towards positive cash flow, and this was a step forward in that plan. Now we can focus on completing all the very interesting ongoing projects," says Thomas Lundqvist, CEO, OptiCept Technologies.

About Us

OptiCept Technologies AB (publ) provides the food and plant industry with technological solutions that contribute to a more sustainable world and enable climate-smart economic growth. OptiCept optimizes biological processes - Increased extraction from raw material, extended shelf life, reduced waste, and improved quality (taste, aroma, color, nutritional content) of the final product.

The positive effects of technology increase efficiency for our customers, better products for the consumers, and minimal impact on our environment. Through patented technology in PEF (pulsed electric field) and VI (Vacuum Infusion), the technology opens up new business opportunities for the food and plant industry worldwide. OptiCept's vision is to contribute to a sustainable world by offering efficient green cutting-edge technology that is easy to use in the areas of FoodTech and PlantTech.

The company is located in Lund and the share is traded on the Nasdaq First North Growth Market (ticker: OPTI). The Company’s Certified Adviser is Carnegie Investment Bank AB (publ).

For further information visit:
OptiCept Technologies Official Website

Latest news about OptiCept Technologies AB

OptiCept Technologies AB Files Patent Application for Combined PEF and VI Treatment of Fruit and Vegetable Products	Apr. 12	CI
OptiCept Technologies AB Receives Order from Aceites Canoliva S.L	Apr. 09	CI
OptiCept Technologies AB Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
OptiCept Technologies AB Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 27	CI
OptiCept Signs Agreement with Florensis BV in the Production and Cultivation of Ornamental Cuttings	Feb. 23	CI
OptiCept Technologies and FPS Food Process Solutions Corp Successfully Completes the Verification of its PEF Technology for Processed Potato Market	Jan. 17	CI
OptiCept Technologies AB Receives First Partial Results from the Pilot Project to Improve the Staining of Cuttings in China	Dec. 22	CI
OptiCept Technologies AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 28	CI
OptiCept Technologies Names New CFO	23-10-20	MT
OptiCept Technologies AB Announces CFO Changes	23-10-20	CI
OptiCept Technologies Establishes Strategic Alliance with FPS Food Process Solutions Corp	23-10-14	CI
OptiCept Technologies Signs Commercial Agreement for Forest Cuttings in Brazil	23-09-27	CI
OptiCept Expands Cooperation for Cuttings in China	23-09-21	CI
OptiCept Technologies Teams Up with Canada's FPS for Food Processing Venture	23-09-11	MT
OptiCept Technologies Enters into A Letter of Intent in Partnership with FPS Food Processing Solutions	23-09-08	CI
Sweden's OptiCept Technologies Lands Deal with Juice Maker, Shares Drop 8%	23-09-05	MT
Opticept Technologies Enters Agreement with A Juice Producer in Central Europe	23-09-05	CI
OptiCept Technologies AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-29	CI
OptiCept Enters into Collaboration and Evaluation Agreement with a European Flower Importer	23-07-20	CI
OptiCept Technologies AB Completes First Planned Test with the JuiceCEPTÂ®? Technology in One of Dole's Production Facilities	23-06-20	CI
Sweden's OptiCept in Talks for Commercial Deal with Chilean Pulp and Paper Company	23-06-16	MT
Cmpc in Chile Informs Opticept That They Intend to Implement the Optiboost Technology in Commercial Production	23-06-16	CI
Opticept Technologies AB Accelerate Sales Efforts in Forestry Cuttings and Cut Flowers While Syngenta Focuses on Ornamental Cuttings	23-06-16	CI
OptiCept Technologies AB Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-05	CI
OptiCept Technologies AB Expands Collaboration with Aperam BioEnergia LTDA	23-03-03	CI

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Company Profile

OptiCept Technologies AB, formerly OptiFreeze AB is a Sweden-based company, which provides the food and plant industry with high-tech solutions that contribute to a more sustainable world and enable climate-smart economic growth. OptiCept optimizes biological processes - Increased extraction from the raw material, extended shelf life, reduced waste, and improved quality (taste, aroma, color, nutritional content) of the final product. Through patented technology within PEF (pulsed electric field) and VI (Vacuum Infusion), the technology opens up new business opportunities for the food and plant propagation industry worldwide. OptiCept's purpose is to contribute to a sustainable world by offering efficient green cutting-edge technology that is easy to use in the areas of FoodTech and PlantTech.

Sector

Fishing & Farming

Calendar

2024-05-13 - Q1 2024 Earnings Release

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