Coala-Life Group AB (publ) has September 19, 2023, entered into a bridge loan agreement with an external lender of SEK 5 million to secure short-term liquidity needs of the Company. Coala Life's working capital is, due to payment terms with a payment time of approximately three months, to a growing extent bound in accounts receivable. The factoring agreement that the Company entered in June 2023 has not yet yielded full effect, resulting in strained liquidity for the Company.

The bridge loan runs with a monthly interest rate of 3% up until and including October 15, 2023, and thereafter continue with an interest rate of 0.75% per initiated week. The loan, including accrued interest, is due for payment on October 31, 2023. The Company reserves the right to completely or in part repay the loan prematurely, however the interest rate shall not be less than 3%.