The foreign investor had to subscribe to the entire share issue and pay the three million required for company restructuring. Now there is a sweaty endgame to find new investors.
It was an offer to invest the entire three million in the company, which is required for the implementation of the corporate restructuring program. Kivisaari admits that the bump is hard, and there is little time to find domestic financing.
– The information about the collapse of the investment admittedly came a bit at the last minute and now we are building an alternative track in the remaining hours, says Kivisaari.
According to Kivisaari, the investor withdrew citing that it was afraid of losing its three million to the company restructuring. Kivisaari says that the investor was afraid that creditors would demand their money if control of the company changed. Kivisaari itself considers it to be a very low risk.
Kivisaari says that the withdrawal of a foreign investor also affects the enthusiasm of domestic investors, and now Kymi Ring is trying to get them excited again. According to Kivisaari, there are \”about four\” investors who have already expressed their interest in the past.
– The absence of even one investor can be too much, Kivisaari admits.
– The search for investors is going fast, but we are not quite there yet. Several people are currently working to get the job done.