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INQ Group Secures SEK7 Million from Convertible Loan Facility

MT Newswires·11/03/2026 05:47:58
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05:47 AM EST, 11/03/2026 (MT Newswires) -- INQ Group (INQ.ST) obtained 7 million kronor in additional capital from its secured convertible loan facility with an unnamed US-based investment manager. The digital writing company said Tuesday that the latest financing bears similar terms to the previous tranche from the same facility, including a conversion price of 0.16 krona per share. It will issue warrants to the investment manager free of charge as part of the transaction. INQ added that the amount is expected to bolster its working capital position as it commercializes and expands its consumer, enterprise and education businesses.