Facephi Biometria SA (ES:FACE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
For further insights into ES:FACE stock, check out TipRanks’ Stock Analysis page.