Brief: Nexcom Investors Convert Loans Into Equity

Nexcom A/S

10/08/2023 11:58

Aug 10 (Reuters) - Nexcom A/S  NEXCOM.CO :
    * SAID ON WEDNESDAY DECIDED TO CARRY OUT A CAPITAL INCREASE
AND
CONVERT LOANS FROM SHAREHOLDERS, EMPLOYEES AND LENDERS TO
IMPROVE FUTURE LIQUIDITY SITUATION
    * STRATEGIC INVESTMENTS A/S, LARGEST SHAREHOLDER IN NEXCOM,
HAS
THROUGH A PRIVATE PLACEMENT CONTRIBUTED DKK 5.4 MILLION AT A
PRICE OF 3 AND WILL RECEIVE 1,800,000 SHARES
    * STRATEGIC INVESTMENTS A/S, TOGETHER WITH FORMUENORD, GENA
SPEAKMON, CSO IN NEXCOM, DAVID CHIPPENDALE, CTO IN NEXCOM, HAS
CONVERTED LOANS TOTALING DKK 4,999,806 INTO SHARES AT A SHARE
PRICE OF DKK 3 PER SHARE, CORRESPONDING TO 1,666,602 SHARES
    * THIS IS ANOTHER IMPORTANT STEP FOR NEXCOM TO BECOME
CASHFLOW
POSITIVE, WHICH IS EXPECTED Q1 2024 

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr4xWTR9
 Further company coverage:  NEXCOM.CO  

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