Risk Intelligence A/S completes DKK 6.5M funding package with a DKK 4M loan
5 July 2023 | Company announcement No 21-2023
Risk Intelligence A/S (“Risk Intelligence” or "the Company") obtains a loan of DKK 4M and completes a DKK 6.5M loan-based funding package supporting the growth journey towards positive cashflow by Q4 2023.
Funding package
With the new loan of DKK 4M, the Company has successfully obtained a total of DKK 6.5M in funding through loans from private investors and lenders during June and July. Initially, the first part of the package of DKK 2.5M from shareholders as announced on 6 June 2023. The new DKK 4M loan is provided by a consortium of Swedish lenders and the loan terms have been agreed upon market terms and has a maturity date of 31 March 2024. Risk Intelligence has the right to repay the loans plus interest at an earlier date.
The loan package is a component of a more comprehensive funding plan aimed at financing the strategic initiatives required to achieve the objectives outlined in the 2025 Strategy, and they complement the two directed share issues that were conducted earlier in the year. The loan package will be used for general liquidity and to repay existing short-term debt.
About Risk Intelligence
Risk Intelligence is a security risk intelligence provider delivering security threat and risk analysis to clients all over the world via the cloud-based Risk Intelligence System, as well as consulting services. A large part of Risk Intelligence’s clients is maritime, and these clients currently operate more than 15.4% of the global merchant fleet.
With its headquarters in Hellerup (Copenhagen), Denmark, an office in Singapore, and locations in North America, the dedicated staff of Risk Intelligence works in all major time zones to support their clients’ operations. Since 2018, the company has been listed on the Spotlight Stock Exchange in Stockholm.
The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, oil and gas. The digital solution is designed based on insights directly from customers and their needs as well as Risk Intelligence’s experienced security risk analysts and developers’ knowledge of intelligence and assessment needs.
The Risk Intelligence System offers clients a complete picture of immediate, short-, and medium-term security risks for coastal areas, ocean, port, and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts, and any interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area, while at the same time providing 24/7/365 situational awareness with incident reports and alerts. This enables companies to evaluate both current and future security risks in real time and to minimise risks across their operations.
For more information on services and the Risk Intelligence System:
Please watch our corporate video: Knowing Risk
For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu
Social media:
Website: investor.riskintelligence.eu and riskintelligence.eu
Twitter: twitter.com/riskstaff
LinkedIn: linkedin.com/company/risk-intelligence
Facebook: facebook.com/riskstaff