Circio Holding ASA - Conversion of Convertible Bonds and funding requested under Additional Financing Commitment from Atlas

Summary by AI BETAClose X

Circio Holding ASA announced that Atlas Special Opportunities has requested the conversion of convertible bonds with a nominal value of NOK 2,000,000, resulting in the issuance of 3,333,333 new shares at a conversion price of NOK 0.6 per share. Consequently, the company's share capital will increase by NOK 1,999,999.80. Following this conversion, the total share capital will be NOK 65,305,046.40, divided into 108,841,744 shares, each with a nominal value of NOK 0.60. A difference of approximately NOK 76,000 will be settled separately with Atlas. Furthermore, Circio has requested Atlas to subscribe for 8 convertible bonds with an aggregate principal amount of NOK 4,000,000 under the Additional Financing Commitment.

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