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M Vest Water AS ( (DE:7YA) ) just unveiled an announcement.
M Vest Water AS, a Bergen-based environmental technology firm specializing in non-toxic, biodegradable water treatment solutions for industrial and municipal customers, has built its business around high-purity, cost-efficient treatment systems. The company is listed on Euronext Growth, where it targets investors interested in sustainable water technologies and environmental innovation.
The company has secured a committed convertible loan facility of up to NOK 10 million from major shareholder M Vest Invest AS to support its ongoing project portfolio strategy. The unsecured one-year facility, priced at NIBOR plus 6 percent with a 1.5 percent commitment fee on undrawn amounts, can be converted into shares at NOK 8 per share, bolstering liquidity while potentially increasing shareholder equity and underscoring shareholder support for M Vest Water’s growth plans.
More about M Vest Water AS
M Vest Water AS is a Norwegian environmental technology company focused on the water treatment industry, serving both industrial and municipal markets with non-toxic, biodegradable solutions. Its products are designed to deliver a high degree of purification in a cost-efficient manner, and the company is listed on Euronext Growth under the ticker MVW.
Average Trading Volume: 11,984
Current Market Cap: NOK215.8M
See more insights into 7YA stock on TipRanks’ Stock Analysis page.