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Nustay initiates capitalization plans for further company development

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Nustay A/S (“Nustay”) hereby confirms the company’s plans to raise further capital to cover the Company’s short and long-term capital needs. As communicated in the press release published on September 6, 2019, the Company has raised DKK 10 million through debt financing but has also initiated a process of raising additional capital in Q4 2019 to repay this outstanding debt, rebuild the Company’s cash-buffer and finance further growth.

Reference is also made to the background for the board’s decision to initiate a capitalization process in the press release published on August 13, 2019,

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Source: Nustay initiates capitalization plans for further company development

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