Press release

XMReality AB (publ) receives loans from owners

  • Regulatory
XMReality AB (publ) receives loans from owners

XMReality AB (publ) receives bridge financing in the form of owner loans of 1.5 MSEK.

As communicated in the press release on April 12, 2024, XMReality requires additional capital to continue implementing the company’s strategy and achieve the goal of profitability.

To bridge the short-term need and continue moving forward, XMReality has taken up loans from owners of 1.5 MSEK under market conditions. The loans run until the end of 2024, with a yearly interest rate of 20 percent. 

The board of XMReality continues to work to ensure the company's continued working capital needs by taking up loans and/or issuing shares.