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iQ International AG
Ansprechpartner: Eva Reuter
Tel.: +41 41 768 03 63
E-Mail: ereuter@dr-reuter.eu

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14.09.2020 - 08:25 | iQ International AG
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31.08.2020 - 19:50 | iQ International AG

WEITERE IR-NEWS

pta20200914042
Public disclosure of inside information according to article 17 MAR

iQ International AG: iQ International has signed a USD130 million (non-binding) term sheet for institutional funding

The funds are intended for iQ International's expansion plan


Zug/Switzerland - 14 September 2020 (pta042/14.09.2020/19:00) - ,

iQ International AG (ISIN CH0451424300 / WKN A2PAA5 / Symbol IQL), traded at the General Standard of the Frankfurt Stock Exchange with its head office in Zug, Switzerland has signed a (non-binding) term sheet for USD130 million of institutional financing.

iQ International has signed a term sheet for a USD130 million equity and debt financing with a major Asian institutional fund. The term sheet is not legally binding, and the financing is subject to due diligence and definitive agreements. The term sheet provides that the total financing will be approximately half in debt and half in preferred equity. The Company works towards a signing and closing of the financing in the last quarter of this year. The funds are intended for iQ International's expansion with the objective to acquire two corporations owning long-standing battery plants as well as the upfitting of the Company's SIA plant.

(end)
emitter: iQ International AG
Landis + Gyr Strasse 1
6300 Zug
Switzerland
contact person: Eva Reuter
phone: +41 41 768 03 63
e-mail: ereuter@dr-reuter.eu
website: www.iqinternational.com
stock exchanges: regulated market in Frankfurt; open market in Berlin
ISIN(s): CH0451424300 (share)
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