on Cherry SE (isin : DE000A3CRRN9)
Cherry SE Secures Financial Boost from Major Shareholder Argand
Cherry SE, a global leader in computer input devices and digital healthcare solutions, has announced a strategic agreement with its major shareholder, Argand Partners, LP. This move aims to bolster Cherry's liquidity, providing up to EUR 5.7 million in financial resources.
Through a series of agreements, Argand will acquire intra-group loan receivables worth EUR 1.5 million from Cherry Americas LLC and Cherry Europe GmbH. Additionally, Cherry SE will sell 1,100,284 treasury shares to Argand, generating about EUR 680,000.
Argand has also committed an extra EUR 3.5 million in funding, linked to a purchase agreement for Cherry Americas' inventory. This financial support underscores Argand's commitment to Cherry's strategic growth plans, particularly in peripherals and digital health sectors.
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