SoftOx Solutions AS announced that it expects to receive NOK 40 million in funding from Aubert Invest AS, Pro AS, Almhaug Bolig AS and other investors

SoftOx Solutions AS announced a private placement of convertible loan for gross proceeds of NOK 40,000,000 on October 11, 2022. The transaction will include participation from certain existing shareholders including GH Holding AS for NOK 5,000,000, Aubert Invest AS for NOK 2,500,000, Pro AS for NOK 10,000,000, Østlandske Pensjonsforsikring for NOK 5,300,000, Almhaug Bolig AS for NOK 15,000,000 and Geir Almås for NOK 2,200,000. The transaction has been approved by the board of directors of the company.

The transaction is epected to close on October 24, 2022. The loan shall carry interest at a rate of 10% per annum. The subscription price per share on conversion of the loan shall be equal NOK 22.50.