Brief: Evolva Signs Agreement With Nice & Green To Secure Additional Funding

EvoNext Holdings SA

17/05/2021 06:03

May 17 (Reuters) - EVOLVA HOLDING SA  EVE.S :
    * EVOLVA SECURES ADDITIONAL FUNDING FOR FUTURE GROWTH
    * SIGNED AN AGREEMENT WITH NICE & GREEN, A SWISS INVESTMENT
FIRM,
TO SECURE ADDITIONAL FUNDING
    * UNDER AGREEMENT, NICE & GREEN HAS COMMITTED TO AN
ADDITIONAL
INCREMENTAL INVESTMENT IN FORM OF CONVERTIBLE NOTES ACCORDING TO
AGREED CONDITIONS UP TO A MAXIMUM PRINCIPAL AMOUNT OF CHF 20
MILLION UNTIL END OF 2022
    * PRINCIPAL AMOUNT OF EACH CONVERTIBLE NOTE IS, AT EVOLVA'S
DISCRETION, EITHER REPAYABLE BY WAY OF CONVERSION INTO ORDINARY
SHARES OF COMPANY, OR IN CASH
    * CONVERSION PRICE IS 95 PERCENT OF LOWEST DAILY VOLUME
WEIGHTED
AVERAGE PRICE FOR A SHARE ON SIX SWISS EXCHANGE DURING 6 TRADING
DAYS IMMEDIATELY PRECEDING CONVERSION

Source text for Eikon:  ID:nEQ7xNbsla 
Further company coverage:  EVE.S 

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