EQS-Adhoc

Advanced Blockchain resolves to issue a new convertible bond with a volume of up to EUR 3 million

EQS-Ad-hoc: 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 27-Sep-2023 / 10:41 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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.

 

Contact:
Simon Telian, CEO
[e-mail]

 

 

End of Inside Information

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27-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Advanced Blockchain AG
	Scharnhorststraße 24
	10115 Berlin
	Germany
Phone:	[phone]
Fax:	030403669511
E-mail:	[e-mail]
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

1735171  27-Sep-2023 CET/CEST