Business
GomSpace Draws EUR 7 Million Under Shareholder Credit Facility to Support Strategy Execution
GomSpace announces the drawdown of EUR 7 million (SEK ~75 million) under the third tranche ("Tranche C") of the EUR 18 million shareholder credit facility established with Peter Kendal Hargreaves, the company's main shareholder. The drawdown will be executed on 30 March 2026.
About this update from Gomspace Group Ab
[{"type":"text","content":"STOCKHOLM, March 30, 2026 /PRNewswire/ -- GomSpace announces the drawdown of EUR 7 million (SEK ~75 million) under the third tranche ("Tranche C") of the EUR 18 million shareholder credit facility established with Peter Kendal Hargreaves, the company's main shareholder. The drawdown will be executed on 30 March 2026.","length":332,"tagName":"p"},{"type":"text","content":"The proceeds from the additional tranche will be used to support GomSpace's continued growth ambitions and enable the company to actively capture increasing market momentum. With rising investments across the space sector from both private and governmental stakeholders, GomSpace is strengthening its commercial capabilities and scaling its go-to-market approach, including the launch of new business units targeting advanced missions and national and defense opportunities. The additional funding provides the flexibility to accelerate these initiatives while maintaining strong execution and responsiveness to customer demand.","length":632,"tagName":"p"},{"type":"text","content":"CEO Carsten Drachmann commented: "This tranche supports our ambition to capture the significant growth opportunities emerging across the space industry. With increasing demand driven by both commercial and governmental investments, we are scaling our organization and sharpening our market approach to position GomSpace at the forefront of these developments. It gives us the flexibility to invest where it matters most and to execute with speed and discipline."","length":472,"tagName":"p"},{"type":"text","content":"Tranche C follows the previous tranches of EUR 11 million. In accordance with the terms of the facility, the use of Tranche C triggers the issuance of 495,235 warrants to the lender.","length":182,"tagName":"p"},{"type":"text","content":"Further Information","length":19,"tagName":"p"},{"type":"text","content":"Following the disbursement of Tranche C, a total of EUR 18 million under the EUR 18 million credit facility will have been utilized and a total of 3,301,566 warrants will be held by Hargreaves. As of today, and subject to potential additional recalculations in accordance with the terms and conditions governing the warrants, each warrant entitles to subscription for 1.43 new shares in the Company against payment of a subscription price correspond...