DGAP-News Cryptology Asset Group p.l.c. successfully completes a share capital increase and sale of treasury shares and reviews options for financing further growth
DGAP-News: Cryptology Asset Group PLC / Key word(s): Capital Increase/Corporate Action
Cryptology Asset Group p.l.c. successfully completes a share capital increase and sale of treasury shares and reviews options for financing further growth
To finance further growth, Cryptology is also currently reviewing various options to raise additional capital, such as through the issuance of a convertible or a straight bond. ICF BANK AG has been commissioned to conduct a market review. Management will make the final financing decision based on investor feedback and the prevailing market environment.
Patrick Lowry, CEO of Cryptology, said "It has been a whirlwind few months to begin 2021 at Cryptology. We have made three new investments and seen our NAV grow significantly, currently standing at a new all-time high of EUR 243.54 as of our weekly estimated NAV reporting yesterday. I look forward to continue to grow the Cryptology portfolio of companies with this new capital and am particularly excited that we are exploring managing parts of our treasury in Bitcoin and other leading crypto assets as part of our overall strategy."
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