Pressreleaser | 28 Oct 2022 | Irisity

Irisity AB: Irisity takes out a loan facility of up to SEK 20 million to strengthen working capital.

The loan facility shall be used to strengthen the company’s liquidity reserve and for general company purposes which may include working capital and investments. Loans taken out under the loan facility have a term of 36 months and run at an annual interest rate of 10.65% + stibor 3m. The company has the right to repay the loan early after 12 months.

Including previous credit facilities, the company’s cash liquidity as of the first of October amounts to SEK 55 million, which is expected to cover the company’s capital needs until positive cash flow.

For further information:

Marcus Bäcklund, Irisity CEOAnna Forsberg, Irisity interim CFO

Phone: +46 771 41 11 00Phone: +46725 04 69 17

E-mail: marcus.backlund@irisity.comE-mail:anna.forsberg@irisity.com

This information is information that Irisity AB (publ) is obliged to make public according to the EU’s market abuse regulation. The information was submitted for publication, through the above contact persons, at 16:00 CET on 28 October 2022.

About Irisity

Irisity AB (publ) is a world-leader in AI-powered video analytics solutions for enhanced safety and security. As of October 13, 2021, Agent Vi is part of Irisity. Founded in 2006, Irisity has offices in Sweden (HQ), Israel, North and South America, UAE, Denmark, Japan and Singapore. The combined company is serving a network of integrators, distributors, and technology partners globally.

The Irisity AB (publ) share is listed on Nasdaq First North Growth Market, with the ticker IRIS, Certified Adviser: Erik Penser Bank AB +46 8 463 83 00 certifiedadviser@penser.se