RCS - CIC Capital Ltd - Debt Finance Facility to Dynex
21/01/2026 10:45
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260121:nRSU7807Pa&default-theme=true
RNS Number : 7807P CIC Capital Ltd 21 January 2026
Debt Financing Dynex
CIC Capital Ltd, Transaction Advisor to Dynex Holding Establishment.
(Liechtenstein) ("Dynex") is pleased to announce the securitised debt finance
for Dynex.
Dynex has executed a debt financing agreement with CIC Fund Securitisation
S.A. (Luxembourg) for a pre-IPO financing facility of up to EUR 55,000,000,
subject to the terms and conditions of the financing agreement.
The facility bears compound interest at a rate of 12.20% per annum over a five
(5) year term, with interest payable at maturity. The financing has been
structured as a convertible debt instrument, pursuant to which the outstanding
principal and accrued interest may be redeemed into equity of Dynex upon the
completion of a public listing on a designated stock exchange, subject to the
terms of the financing agreement and applicable regulatory approvals. The
financing is subject to a Luxembourg regulatory and administrative fee of 4.2%
over the five-year term, payable annually in advance.
The proceeds of the financing facility, together with Dynex's existing cash
resources, are intended to be used to support the ongoing advancement of the
company's proprietary Quantum-as-a-Service (QaaS) technologies, the expansion
of its operational and commercial capabilities, expanding its market adoption,
and a regulated public listing.
Transaction Advisor and Public Listing Sponsor
CIC Capital Ltd. (Canada) has been appointed Transaction Advisor and Listing
Sponsor to Dynex for a regulated public listing on a designated stock
exchange.
Stuart J.
Bromley
Bromley@CICCapital.com
CIC Capital Ltd. -Transaction Advisor
+33 788 26 80 35 (Paris)
CIC Capital Ltd is a corporation within the Global CIC Group Corporations.
About Dynex Holding Establishment
Dynex develops quantum-driven solutions at scale through its proprietary
Quantum-as-a-Service (QaaS) technology, with an emulation of up to 1 million
algorithmic qubits and, with Dynex's quantum-driven neuromorphic chip 'Apollo'
real-time compute of up to 10,000 physical p-qubits. Through its unique
cloud-based qubit-agnostic platform architecture, it enables accessibility to
quantum-driven computing to solving real-world problems at scale. Dynex focus
is to maintain its position at the forefront of quantum technological
innovation and acceleration toward mainstream adoption of its quantum-driven
solutions.
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NRAGCGDBBSDDGLB
Copyright 2019 Regulatory News Service, all rights reserved