Velto Cars SA announced that it has received PLN 2.67 million in funding from TK Invest Sp. z o.o. Sp. K.
January 15, 2015 at 09:30 am IST
Velto Cars SA announced that a private placement of 26,700,000 series C units at PLN 0.10 per unit for gross proceeds of PLN 2,670,000 on January 15, 2015. The company issued the shares at its nominal value. The transaction included participation from new investor, TK Invest Sp. z o.o. Sp. k. As part of the transaction, the investor acquired 76.07% stake in the company. The investor may further raise its shareholding in the company over the next 12 months.
On January 15, 2015, Velto Cars SA closed the transaction.