Versarien’s debt-to-equity swap helps Spanish subsidiary secure grant
Versarien's Spanish subsidiary Gnanomat has been awarded an €804,000 (£660,000) grant to finance a project relating to next generation energy storage devices.
Earlier this year, Versarien had converted a €1.46m (£1.21m) debt into shares to allow Gnanomat to apply for this grant. It had previously been unable to because of debt restriction rules.
The grant covers 70% of Gnanomat's anticipated costs for a 24-month project to elevate the technology readiness level of GnanoCaps, an eco-friendly energy storage device, that uses... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
