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    Insider Information  105  0 Kommentare Nexstim Plc launches an unsecured convertible bond offering of up to EUR 750,000

    Company Announcement, Helsinki, 25 June 2024 at 9 AM (EEST)

    Insider Information: Nexstim Plc launches an unsecured convertible bond offering of up to EUR 750,000

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

    Nexstim Plc (NXTMH:HEX) (“Nexstim” or the “Company”) announces that its board of directors have resolved to take a loan so that the Company issues special rights entitling to the shares pursuant to Chapter 10 of the Finnish Companies Act to the lenders of the loan so that the lenders shall have the right to subscribe for the Company’s shares (the “Shares”) based on the respective special rights and that the lenders shall have the right to pay the subscription price of the Shares by setting it off against the loan receivable (the “Convertible Bond”).

    The Company shall take the loan referred to in the Convertible Bond terms and conditions and shall issue simultaneously against the loan a maximum amount of 288,669 special rights.

    The Convertible Bond is issued in deviation from the shareholders' pre-emptive subscription rights to the parties approved separately by the board of directors.

    The minimum amount of subscription of the Convertible Bond shall be EUR 100,000 which can be converted into 35,971 new Shares (or an adjusted number of shares as described in the terms) and pursuant to the terms of this Convertible Bond.

    The special rights are issued to secure financing required to strengthen the working capital and the capital structure of the Company cost effectively and to secure the self-financing requirement of the EUR 1.5 million Finnvera Digitalisation and Innovation loan application. Therefore, there is from the Company's point of view a weighty financial reason to issue the special rights.

    The subscription period of the Convertible Bond commenced on 24 June 2024 at 9:00 a.m. Finnish time and ended on 24 June 2024 at 7:00 p.m. Finnish time.

    The contemplated transaction aims to improve the financing position of the Company and to facilitate the Company’s bank financing arrangement, and the proceeds from the Convertible Bond will be used for general corporate purposes.

    The loan period shall commence on the payment of the Convertible Bond to the Company and expire on the earlier of

    (i)        the date of completion of the financing round of the Company first completed after the date of the terms; and

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    Insider Information Nexstim Plc launches an unsecured convertible bond offering of up to EUR 750,000 Company Announcement, Helsinki, 25 June 2024 at 9 AM (EEST) Insider Information: Nexstim Plc launches an unsecured convertible bond offering of up to EUR 750,000 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE …

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