Footway has secured SEK 80 million (€7 million) in financing to strengthen its financial position and ensure the successful completion of its reconstruction.
The financing includes a directed new share issue of 50 million SEK (€4.4m) in B-shares and a strategic collaboration with Juni, to boost its accounts payable with SEK 30 million (€2.6 million). To provide all shareholders with equal opportunity to participate, the board also intends to decide on a rights issue of up to SEK 30 million. The subscription price for both new share issues is set at SEK 1.25 per share.
