SoftOx Solutions AS announced that it has entered into an agreement with the company's creditors to issue 375,000 shares at an issue price of NOK 8 per shares for the gross proceeds of NOK 3,000,000 and 25% non convertible debt for the gross proceeds of NOK 12,000,000; aggregate gross proceeds of NOK 15,000,000 on June 9, 2023. The debt has 25% interest rate and matures on January 31, 2024. The company also issued warrants for NOK 42,000,000 at an exercise price of NOK 8 per share.

The creditors have agreed on a down payment plan where they get 25% before the end of June, 25% before the end of September and the final amount including overdue interest before the end of the year.