Company Announcement no. 73
Vejle, 18th of
Insider information
With reference to company announcement no. 64, the Company needs more liquidity, which is why
Important milestones trigger 4 MDKK in Trance 1, then 5 MDKK in Trance 2 and a further 5 to 11 MDKK in Trance 3.
Trance | Amount | Milestones |
1 | 4 MDKK | (1) Trance 1 is effected before the share trading suspension is lifted, but on the basis of a commitment from Nasdaq that the trading suspension is lifted after the capital injection has been registered with the |
2 | 5 MDKK | 1) Realized sale of +1,000 (2) Delivery of 3 water purification units for land-based fish farming to customers in the |
3 | 5 til 11 MDKK | (1) Realized sale of +5,000 (2) Delivery of a minimum of 10 water purification units for land-based fish farming. Initiation of IPO process by (3) Initiation of test protocol for Watgen Medical's wound care rinse product. |
The capital injection takes place via the investment company GTI 2021 ApS (under foundation), where the investors have collectively committed to invest, cf. the conditions in the above-mentioned milestones. The investors behind the investment company are current shareholders in
The trances must ensure that the Company has some documentable milestones that trigger more capital.
As mentioned, Trance 1 requires Nasdaq to confirm to
Investors participating in Trance 1, with the exception of the companies
Execution of Trance 1 may be required by the investment company at short notice - as the transaction must be completed before the trade suspension is lifted, so that the capital injection takes place at the latest price of
Implementation of Trance 2 and 3 is expected to be completed in 2021.
The details of the execution of the individual trances, including the execution of the transactions, are set out in a final agreement prepared by the company's lawyer.
On behalf of the shareholders of the investment company GTI 2021 ApS.
Yours sincerely
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About
Further information:
CEO
Sjællandsgade 32
7100 Vejle
Certified Adviser
Per
Direktør/CEO
Vestre Havnepromenade 5, 5. sal 9000 Aalborg Denmark
T +4598110055,
M +4521764317,
E pva@cdiglobal.dk
Hjemmeside: www.cdiglobal.dk
Nasdaq First North Growth Market
Important links:
Website: www.waturu.com
Financial reports:
www.waturu.com/documents
News about the company:
www.linkedin.com/company/waturu/
www.facebook.com/WaturuDenmark/
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