Brief: Arcane Crypto Signs Agreement With Investors

K33 AB (publ)

17/02/2021 06:36

Feb 17 (Reuters) - Arcane Crypto AB  ARCANE.ST :
    * ENTERS INTO BINDING APPLICATION AGREEMENT WITH INVESTORS
AS
ENVISAGED BY NON-BINDING TERM SHEET
    * TERM SHEET WITH LUCERNE CAPITAL MANAGEMENT, KLEIN INVEST
AS
REGARDING ISSUE OF NEW SHARES AND WARRANTS IN COMPANY
    * NO CONSIDERATION SHALL BE PAID FOR WARRANTS
    * UNDER AGREEMENT, LCM AND KLEIN INVEST MADE BINDINGS
OBLIGATIONS
TO SUBSCRIBE FOR UP TO 99 MILLION NEW ORDINARY SHARES FOR SEK
0.5 PER SHARE

Source text for Eikon:  ID:nBQN26CYG8 
Further company coverage:  ARCANE.ST 

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