Cessatech

On 12 August – Cessatech A/S (“Cessatech” or “the Company”) announces that the Company has extended the Loan Facility Agreement with a group of investors from Investeringsselskabet MFO Private Equity A/S. The agreement was initiated in August 2023 and has not yet been drawn upon. The agreement has been extended until 2026 and increased from DKK 5 million to DKK 10 million. The loan terms have been agreed upon market terms. Any amounts drawn by the Company (including accrued interest) shall rank equal with the Company’s other creditors.

Jes Trygved, CEO Cessatech
“The extended loan facility gives us more financial flexibility during the next 18-24 months for the upcoming launch US launch and operations as we still expect to begin generating revenues in 2024. We are very pleased that the group of investors providing the loan facility supports Cessatech and our work to bring solutions to the unmet medical need of treating children who are experiencing acute pain. In addition, it is important to Cessatech that the Loan Facility Agreement may be converted into shares.”