Facephi Biometria SA (ES:FACE) has released an update.
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FacePhi Biometria SA has secured a capitalizable loan of 1.8 million euros with its main shareholder, Nice & Green, with an initial drawdown of 300,000 euros. The loan, which carries an interest rate of Euribor plus 2% and a 7% formalization fee, is set to mature in three months with an option for share conversion at an agreed-upon exchange rate.
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