Circio Holding ASA – Bond conversion and additional trading restrictions

Summary by AI BETAClose X

Circio Holding ASA announced that Atlas Special Opportunities, LLC and Atlas Capital Markets, LLC requested the conversion of all outstanding convertible bonds held by them, with an aggregate nominal value of NOK 14,500,000, into 24,006,622 new shares at a conversion price of NOK 0.604. Following the conversion, Circio's share capital will increase by NOK 14,403,973.20. Atlas has committed to a more conservative trading strategy, reducing the trading limitation to 15% of total trading volume and not exceeding 10% on low volume days. After registration, the company's total share capital will amount to NOK 86,175,445.20, divided into 143,625,742 shares, each with a nominal value of NOK 0.60.

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