Brief: Voltabox Resolves On Capital Increase Of Up To 10% Of Share Capital

Quirin Privatbank AG

22/02/2022 06:24

Feb 22 (Reuters) - VOLTABOX AG  VBX.F :
    * RESOLVES ON CAPITAL INCREASE FROM AUTHORIZED CAPITAL IN
THE
VOLUME OF UP TO 10% OF THE SHARE CAPITAL
    * resolved to increase share capital from EUR 15,825,000 by
up to
EUR 1,582,500 to up to EUR 17,407,500 by issuing 1,582,500 new
ordinary bearer shares with no par value and pro-rata value of
EUR 1.00 PER SHARE
    * To ensure feasibility of the Cash Capital Increase,
Company has
executed a backstop agreement with Trionity Invest GmbH,
which as an anchor shareholder already holds 30.21 % of the
Voltabox shares
    * In this agreement, Trionity Invest has undertaken to
subscribe
and purchase all non-placed New Shares at a price of EUR 1.30
    * net proceeds from the Capital Increase shall be used by
the
Company to strengthen its equity base and, as part of its
realignment, to finance its operating business
    * transaction is accompanied by Quirin Privatbank AG

Source text for Eikon:  ID:nEQ8CwgWra 
Further company coverage:  VBX.F 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))