Raketech Secures EUR 5.5 Million Financing From Bank of Valletta for Casumba Earnout Settlement

• Raketech signed a sanction letter with Bank of Valletta for EUR 5.5 million in financing, pending disbursement.
• Financing comprises a EUR 3.5 million term facility and EUR 2 million revolving credit facility utilization, repayable over three years at 6.65% annually.
• Proceeds will fund a EUR 8.2 million Casumba earnout settlement against approximately EUR 20.3 million payable, using EUR 2.7 million existing cash.
• Security includes pledged Casumba sale receivables; the financing requires a debt service coverage ratio of at least 1.1x.
• Sellers may terminate their settlement agreements if financing is canceled or remains undisbursed by March 31, 2027, reverting to previous earnout terms.

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. Raketech Group Holding plc published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.