#VELA Vela Technologies PLC investee co. #TSP TruSpine Technologies PLC – Bridge Loan and £2.4m Investment Letter of Intent January 3, 2023 – Posted in: Vela Technologies Plc (VELA)

TruSpine Technologies Plc, the medical device company focused on the spinal (vertebral) stabilisation market, announces that it has entered into a £200,000 bridging loan facility (“Bridge Loan”) together with a non-binding letter of intent (“LOI”) to provide £2.4m staged equity funding over three tranches (“Investment Agreement”) with a UK investment group (the “Investment Group”).   Terms of the Bridge Loan: Bridge Loan facility entered with Investment Group –      £200,000 to be available immediately –      8%…

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