Source: Cision

Nustay: Nustay initiates capitalization plans for further company development

Nustay A/S ("Nustay") hereby confirms the company's plans to raise further capital to cover the Company's short and long-term capital needs. As communicated in the press release published on September 6, 2019, the Company has raised DKK 10 million through debt financing but has also initiated a process of raising additional capital in Q4 2019 to repay this outstanding debt, rebuild the Company's cash-buffer and finance further growth. Reference is also made to the background for the board's decision to initiate a capitalization process in the press release published on August 13, 2019,

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Employees
Mathias Lundoe Nielsen's photo - Founder & CEO of Nustay

Founder & CEO

Mathias Lundoe Nielsen

CEO Approval Rating

88/100

Nustay is an online hotel booking platform that allows users to book travel accommodation in hotels. Read more