Brief: Arcane Crypto Enters Into Convertible Loan Agreement

K33 AB (publ)

23/02/2023 07:44

Feb 23 (Reuters) - Arcane Crypto AB  ARCANE.ST :
    * ARCANE CRYPTO IS ENTERING INTO A CONVERTIBLE LOAN
AGREEMENT WITH
COWA TO FACILITATE DISCUSSIONS REGARDING A STRATEGIC M&A
TRANSACTION
    * AGREEMENT FOR LOAN IN AGGREGATE PRINCIPAL AMOUNT OF UP TO
USD 2
MILLION
    * AGREEMENT ALLOWS COWA TO CONVERT ANY DRAWN DOWN AMOUNTS
UNDER
LOAN TO SHARES IN ARCANE CRYPTO
    * CONVERSION PRICE OF SEK 0.037 PER SHARE

Source text for Eikon:  ID:nBQN6vf3sm 
Further company coverage:  ARCANE.ST 
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