Baker McKenzie acted as counsel to Yorkville Advisors
Baker McKenzie Zurich has advised Yorkville Advisors Global, a US-based investment firm offering debt and equity financing to global, small and micro-cap companies, on all legal aspects in connection with an up US$12 million convertible loan facility for SIX Swiss Exchange-listed Achiko.
The Convertible Facility Agreement provides for a committed tranche of US $2.5 million, which may be extended by up to US $9.5 million. Achiko AG plans to apply the funds raised under the Convertible Facility Agreement to fund the production of its Gumnuts test kits as well as Teman Sehat, its pandemic management ecosystem. Gumnuts is a novel cost-effective, non-invasive test for Covid-19 that Achiko licensed from Regenacellx.sl.