STOCKHOLM, Sweden, Nov. 24, 2013 (GLOBE NEWSWIRE) -- TrustBuddy has raised new capital from selected international investment funds and high-net-worth individuals, bringing in a total of €18.5 million in new capital of which €3m is direct P2P lending capital and of the remaining €15.5m 40% is a directed share issue (€6.2m, 51m shares, SEK 1.10/share) and 60% is a sale of shares from the 10 largest shareholders (€9.3m, 76m shares, SEK 1.10/share). To avoid a high degree of dilution, the largest shareholders agree to sell part of their holdings to the new investors. All proceeds from this sale will be injected as lending capital into the P2P platform with a 12 month lock-up. This group of shareholders is partly compensated by receiving warrants with the issue price of SEK 1.20 for a second directed share issue 24 months later.
TRUSTBUDDY Raises EUR6.20m In Directed Share Issue Subject To EGM And EUR12.30m In P2P Lending Capital
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.