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ALJXR - Archos SA News Story

€0.016 -0.0  -7.5%

Last Trade - 4:35pm

Sector
Technology
Size
Micro Cap
Market Cap £3.80m
Enterprise Value £10.7m
Revenue £19.6m
Position in Universe 817th / 847

BRIEF-Archos: Conclusion Of Amendment To Financing Agreement With YA II PN

Tue 30th June, 2020 9:36am
June 30 (Reuters) - ARCHOS SA  ARCH.PA :
    * ANNOUNCED ON MONDAY CONCLUSION OF AMENDMENT NO. 2 TO
CONVERTIBLE
BONDS (OCA) WITH WARRANTS (BSA) FINANCING AGREEMENT SIGNED WITH
YA II PN
    * INITIAL FINANCING RAISED TO MAXIMUM TOTAL NOMINAL AMOUNT
OF EUR
8 MLN (VS. EUR 5.5 MLN PLANNED INITIALLY)
    * OPTIONAL ADDITIONAL FINANCING (DEPENDING ON COMPANY)
REDUCED TO
MAXIMUM TOTAL NOMINAL AMOUNT OF EUR 2 MLN (VS EUR 4.5 MLN
PLANNED INITIALLY)    
    * CONVERTIBLE BONDS (OCA) WITH WARRANTS (BSA) WITH NOMINAL
VALUE
OF EUR 10,000 EACH
    * ACCELERATION OF DRAWDOWN OF TRANCHES OF INITIAL FINANCING
    * DRAWDOWN OF THE FIFTH TRANCHE OF CONVERTIBLE BONDS (OCA)
WITH
WARRANTS (BSA) ATTACHED

 Source text for Eikon:  ID:nACT64020   
 Further company coverage:  ARCH.PA  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com ; +48 58 7785110))
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