ZetaDisplay: SEK 80 million funding secured to close acquisition of ProntoTV

Industry:    2016-09-23

ZetaDisplay AB :

* 80 million Swedish crown ($9.3 million) funding secured – closing condition for acquisition of ProntoTV AS fulfilled

* On Aug. 22, 2016, it entered into agreement regarding acquisition of ProntoTV AS, supplier of Digital Signage in Norway

* Acquisition was conditional upon full financing being obtained, a condition which ZetaDisplay has now fulfilled through debt financing amounting to 30 million crowns and directed issue of units of 50 million crowns

* Closing will take place on Sept. 28, 2016

Source text for Eikon:

Further company coverage: ($1 = 8.5953 Swedish crowns) (Gdynia Newsroom).


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