Norway: Observe Medical secures new financing for short term needs

Nordic medtech company, Observe Medical, has entered into loan agreements of NOK10m (US$960,000) with its largest shareholders to cover short-term financing needs. The company will immediately receive payment of NOK5m and, subject to agreement between the parties, an additional increase of NOK5m. “We are fortunate in to have such strong support and commitment from the owners,” said Rune Nystad,…