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TerraNet Holding AB ( TerraNet or the Company ) has entered into a loan agreement of SEK 35 million with Formue Nord A/S (the Lender ) to finance the Company s acquisition of 10.84% of holoride as communicated in a separate press release (the Loan ). Further, the Company has, with support from the authorization received from the annual general meeting on May 15, 2020, decided to issue warrants in two series, series TO4 B and series TO5 B. A total of 14,319,634 warrants of series TO4 B and 12,321,546 warrants of series TO5 B will be issued (the W
This information is such that TerraNet Holding AB is required to make public in accordance with the EU s Market Abuse Regulation (MAR). The information was made public by the Company s contact person above on April 22, 2021 at 2 PM CET.
About TerraNet
TerraNet develops software for radio-based solutions and three-dimensional image analysis for advanced driver-assistance systems and autonomous vehicles (ADAS and AV). In-line with Scandinavia’s rich history of bringing innovative safety measures to the automobile industry, TerraNet is pioneering breakthrough safety technology VoxelFlow™ for the ADAS and AV industries at its headquarters in Lund, Sweden and its development sites in Kyiv, Ukraine and Stuttgart, Germany. TerraNet Holding AB (publ) is listed on the Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B.ST).