My Beat uses SEK 1.75 million Loft Capital tranche to repay suppliers under debt write-down deals

• My Beat drew SEK 1.75 million in Tranche 1 financing from Loft Capital to execute a debt-reduction plan.
• Most proceeds will repay suppliers under write-down agreements, triggering SEK 1.25 million in immediate debt forgiveness tied to SEK 1.1 million repayments.
• It reiterated a previously flagged total debt reduction of SEK 6.7 million, including SEK 0.7 million converted to shares and SEK 1.5 million repaid in May.
• Preparations continue to convert more than SEK 2.2 million of debt into shares; Tranche 1 will be fully converted into shares.
• The company can access three additional tranches of SEK 1.25 million each under the same terms, totaling SEK 3.75 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. My Beat AB published the original content used to generate this news brief on July 14, 2026, and is solely responsible for the information contained therein.