Scandinavian Real Heart

Realheart Receives SEK 6.8 Million Following Directed Share Issue to the European Innovation Council

Västerås, Sweden, July 7, 2025 – Scandinavian Real Heart AB (publ) announces today that the company has received an outstanding payment of approximately SEK 6.8 million from the European Innovation Council (EIC) following the company’s directed share issue communicated on May 2, 2025, wherein it was announced that EIC has subscribed 600,000 shares to the subscription price of SEK 11.31 per share.

The European Innovation Council (EIC) has hitherto subscribed in two separate share issues resolved by the company. Due to the size of the investment and that Realheart acts within a sector of interest to the Swedish state, the transaction has been reviewed according to the Foreign Direct Investment Act, causing a delay in the payment.
 
“This settlement marks the completion of EIC’s participation in yet another financing round for the continued development of our unique technology. In this highly competitive arena, where only one in twenty applying companies receive any form of EIC support, we see this investment as an important external validation of the company’s innovation and potential. We look forward to continuing our constructive dialogue with the agency,” says Ina Laura Perkins, CEO, Realheart.

Datum 2025-07-07, kl 08:30
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