The capital from the targeted new share issue of SEK 33 million that the fuel cell company myFC has previously announced has not been received on time. Due to that the payment date has expired, and only a small part of the capital has been received, the board of myFC has secured a short-term loan of SEK 15 million from one of the company's largest shareholders K Öhlin Holding AB.
Since the payment has not been completed as per the agreement, the company is in an urgent cash position and the board has decided that a short-term loan is necessary to cover the company’s expenses. The company is currently working on an alternative long-term financing.
The board reviews if legal actions should be taken.
This disclosure contains information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 20-05-2022 15:00 CET.