OptiCept Technologies

The credit facility of a total 55 MSEK is paid out by Modelio to OptiCept in tranches. The first tranche of 25 MSEK will be paid out no later than August 15th, 2022. Thereafter, OptiCept will be able to call on the remaining volume of the credit facility (up to 30 MSEK) in three further tranches of 10 MSEK each from the 15th of October 2022.

The credit facility runs until and must be fully repaid by 15th August 2023. OptiCept has the right to repay all or parts of the credit facility in advance.

The credit facility has a set-up fee of 5%. In addition, monthly interest is paid with 1.5% per initiated month. Modelio has the right, but no obligation, to set off part or all of the outstanding receivable against shares during the term of the credit facility at a conversion price per share corresponding to a 10% discount on the volume-weighted average price (VWAP) for Opticept's shares during the 15 trading days preceding the call for conversion.

“In the phase we are in now, a credit facility is a good solution, both for the company and the shareholders. The company can keep focus on commercializing our technology and keep needed momentum for growth”. Says Thomas Lundqvist, CEO, OptiCept Technologies