GOTHENBURG, SWEDEN / March 23, 2025 – Irisity AB (IRIS), a leading video analytics company, has announced a credit facility of up to 15 million kronor (SEK) from its largest shareholder, Stockhorn Capital, alongside a fully secured rights issue of up to 21.1 million kronor.
💰 Credit Facility Terms and Strategic Ownership Boost
The credit facility carries an annual interest rate equal to the three-month Stockholm Interbank Offered Rate (STIBOR) + 4 percentage points, as per the company’s March 21 release.
As part of the rights issue, Stockhorn Capital will:
✅ Subscribe shares worth up to 15 million kronor, offsetting the loan amount.
✅ Increase its stake in Irisity from 24.04% to over 30%, strengthening its influence.
🔧 Addressing Liquidity Amid Customer Payment Delays
Irisity plans to use the proceeds from the rights issue and credit facility to:
🔹 Enhance liquidity amid delayed customer payments.
🔹 Maintain operational stability.
🔹 Support ongoing business activities.
“This financing arrangement bolsters our financial flexibility during a period of delayed receivables, ensuring we can continue to deliver cutting-edge video analytics solutions to our clients,” an Irisity spokesperson stated.
🔥 Stockhorn Capital Deepens Its Commitment
With Stockhorn Capital’s ownership surpassing 30%, the company cements its position as a strategic stakeholder, signaling long-term confidence in Irisity’s growth potential.
✅ Looking Ahead
The SEK 21.1M rights issue and credit facility provide Irisity with the financial stability needed to navigate short-term liquidity challenges while positioning the company for future growth and expansion in the video analytics market.
