Iconic Labs PLC (LON:ICON) said that following the fulfilment of the conditions agreed in a settlement between the two, European High Growth Opportunities Securitization Fund (EHGOF) has withdrawn its claims against the company.
EHGOF, a fund run by alternative investment firm Alpha Blue Ocean, has also indicated its willingness to enter into discussions regarding a finance facility of up to £50mln to support the company's growth plans, said the statement.
Brad Taylor, Iconic Labs’ chief executive and whose appointment was one of the conditions, said: "We are excited about our ambitious acquisition and growth plans and look forward to discussing these plans further with EHGOF."