Facephi Biometria SA (ES:FACE) has released an update.
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Facephi Biometria SA has secured a new €2 million loan from its main shareholder, Nice & Green, with a maturity date of March 31st, 2025, and an interest rate of Euribor plus 2%. The loan, which can be repaid in cash or converted into company shares, aligns with Facephi’s strategy to avoid issuing additional convertible bonds to protect current shareholders from dilution. Chairman Javier Mira emphasizes this approach as a commitment to maintaining a stable shareholder structure and fostering long-term stakeholder relationships.
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