Lidds Secures Financing Of Up To 40.8 Msek To Create Foundation For New Partnerships Based On The Nanozolid® Technology

UPPSALA, SWEDEN – LIDDS AB (publ) announced today that the company has entered into a convertible note agreement with Nice & Green (“N&G”), a Swiss specialty investor with significant experience from the life science industry. N&G has committed to subscribe for convertible notes with a nominal value of up to 40.8 MSEK. LIDDS has the option, but not the obligation, to use the agreed financing during the next 18 months, bringing flexibility to the company and creating foundation for new partnerships based on the NanoZolid® technology.