Market News / Story
INQ Group AB (publ) (INQ) Converts $5.43M Debt to Equity, Cuts Loan to ~$1.55M
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INQ Group AB (publ) said holders converted approximately $5.43M of principal and interest into 811.9M new shares at SEK 0.06, reducing the convertible loan from about $6.7M to about $1.55M and lowering future interest costs. Total shares rise to 1.914B before a planned 1:100 reverse split. Material Details #DetailAI Analyst View1Converts $5.43M debt to equityDeleveraging reduces interest burden and insolvency risk; improves partner confidence.2Loan cut to ~$1.55M from…