Realfiction Holding AB has entered into a loan agreement of up to SEK 35 million with Formue Nord Fokus A/S and extends its financial runway until 31 August 2025. The loan amounts to a total of up to SEK 35 million and is divided into two tranches. The first tranche of SEK 20 million is paid out upon signing of the loan agreement, and the second tranche, SEK 15 million, can be drawn between August and November 2024, at Realfiction?s discretion under the condition that Realfiction?s market capitalization exceeds SEK 350 million at the time.

The loan matures for payment on 31 August 2025. The loan is subject to a set-up fee of 5% of the loan facility and carries an annual interest rate of STIBOR 3M + 11% of the outstanding loan amount and will be paid at the end of each calendar quarter. Realfiction has the right to repay the loan at any time without any early repayment fee.

The Board and Company have assessed the loan terms as market competitive and deem taking the loan to be in the best interest of both the Company and its shareholders.