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Waselius & Wist advised Winance as the lender in a Finnish law governed bridge loan to a Finnish listed company, Valoe Corporation (Nasdaq: VALOE). Valoe Corporation is a Finnish technology company specialising in clean energy, especially photovoltaic solutions.
The bridge loan is repayable by cash or conversion to convertible loan notes with warrants attached. The loan will be used for Valoe’s working capital and to ramp up cell production at Valoe’s cell plant in Lithuania.