GomSpace has drawn down 6 million euros (SEK ~67 million) under the second tranche (“Tranche B”) of the 18 million euros shareholder credit facility established with Peter Kendal Hargreaves, the company’s main shareholder. The drawdown is being executed today, July 16, 2025.
The proceeds will be used to strengthen operational cash flow and support accelerated inventory investments aimed at reducing lead times and improving responsiveness to customer demand. The company remains confident in completing the SEK 196 million capital increase during 2025, though the exact timing is yet to be confirmed. The drawdown of Tranche B therefore reflects a proactive step to maintain momentum in executing GomSpace’s plan for improved market responsiveness.
Tranche B follows the 5 million euros Tranche A drawdown in February of 2023, from the original EIB facility. In accordance with the terms of the facility, the use of Tranche B triggers the issuance of 1,155,548 warrants to the lender. The final tranche, Tranche C of 7 million euros, remains available under the agreement.
This drawdown supports GomSpace’s strategic focus on growth, delivery performance, and value creation in the Global space and defense technology market.
CEO Carsten Drachmann said, “With this second tranche, we continue to execute on our strategy with momentum and discipline. The strengthened liquidity gives us the ability to meet customer demands, scale delivery, and reinforce confidence across the business. We appreciate Peter Hargreaves’ continued trust and long-term commitment to GomSpace.”
