- ISIN DE000A0M93V6
- Country Deutschland
Advanced Blockchain AG
Advanced Blockchain resolves to issue a new convertible bond with a volume of up to EUR 3 million
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Advanced Blockchain AG / Key word(s): Bond/Cryptocurrency / Blockchain Advanced Blockchain resolves to issue a new convertible bond with a volume of up to EUR 3 million
September 27, 2023 – The Management Board of Advanced Blockchain AG, with the approval of the Supervisory Board, has resolved to issue a convertible bond by way of a private placement and its key economic parameters. The volume amounts to up to EUR 3.0 million, divided into up to 30 bonds with a nominal value of EUR 100,000.00 each. The term is 6 years with an interest rate of 3.00% p.a. The shareholders’ statutory subscription rights are excluded. The initial conversion price is EUR 4.25. The issue will be made in a volume of up to EUR 1.5 million against contributions in kind in the form of an exchange of convertible bonds issued by the Company (ISIN: DE000A3MP4Q7). The net proceeds accruing to the Company from the issuance of the convertible bond 2023/2029 shall be used for general business purposes, including the financing of further investments and the development of the existing portfolio.
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27-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Advanced Blockchain AG |
| Scharnhorststraße 24 | |
| 10115 Berlin | |
| Germany | |
| Phone: | +4930403669510 |
| Fax: | 030403669511 |
| E-mail: | info@advancedblockchain.com |
| Internet: | www.advancedblockchain.com |
| ISIN: | DE000A0M93V6 |
| WKN: | A0M93V |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1735171 |
| End of Announcement | EQS News Service |