We are pleased to inform that the second financing round for LimeArc Process AB is signed and closed. The company has secured additional share capital of 10.5 MKR and loans amounting to 0.75 MKR from Almi Företagspartner and 0.75 MKR from Norrlandsfonden.
We have already received research grants of 6.59 MKR from the Swedish Energy Agency.
This means that the company has secured its funding as per plan and is now fully capitalized for Phase 3 A, pilot testing in production environment.
Hudiksvall, 1 September 2022
LimeArc Process AB