Transaction Description
Gemstone Capital acted as financial advisor for Sound Dimension in this transaction. Sound Dimension entered into a loan agreement totaling 1.2 MSEK. The bridge loan runs until 30 September 2023 with an interest rate of 1% per month or part thereof and a fixed premium of 10% of the loan amount, interest on interest and interest on premium is not paid. At maturity, the loan including interest shall be repaid, however, the lenders have the right to convert the loan to shares in the event of an issue by the Company.
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Company Description
Sound Dimension AB is active in the technology sector. The company specialises in the development of technological solutions that combine audio technology and artificial intelligence. The company’s goal is to make it possible to connect speakers – regardless of model, brand, age, to a unified sound experience, controlled by an app and with the help of AI. Its largest operations are in the Nordic market. The company was founded in 2013 and has its headquarters in Karlstad.
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