EQS-Adhoc

The Social Chain AG: Intended implementation of a prospectus-free capital increase with subscription rights - Seite 2

The Management Board of TSC expects the volume of the Capital Increase (contributions in kind and cash contributions) to be in the low double-digit million range. In particular, TSC expects to improve its balance sheet and reduce its interest expense by converting shareholder loans, which were previously classified as debt under the German Commercial Code (HGB), into equity.

The Capital Increase and the admission of the new shares to trading on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) are expected to be completed by the end of July 2023. The Capital Increase requires a separate resolution of the Management Board setting out the details and terms of the capital increase and the approval of the Supervisory Board.

 

www.thesocialchain.ag

 

Notifying Person:

Sarah Pust I Investor Relations

Alte Jakobstraße 85/86

10179 Berlin

[phone]
[e-mail]

 

Important Notice

This announcement constitutes neither an offer nor a solicitation to purchase or subscribe for securities of TSC.

This announcement is not intended for distribution, directly or indirectly, in or into the United States or within the United States and may not be distributed to U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States. This announcement does not constitute or form part of any offer to sell or the solicitation of an offer to purchase or subscribe for any securities in the United States. The securities are not and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration under the Securities Act or an exemption from registration under the Securities Act. There is no public offering of the securities in the United States.