Brief: Softox Solutions Raises NOK 22,330,571 In Gross Proceeds In Contemplated Private Placement

SoftOx Solutions AS

27/03/2024 09:48

March 27 (Reuters) - SoftOx Solutions AS  SOFTX.OL :
    * HAS RAISED NOK 22,330,571 IN GROSS PROCEEDS IN
CONTEMPLATED
PRIVATE PLACEMENT
    * NET CASH PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO
SECURE
COMPANY'S DATA AND PATENT PORTFOLIO, AS WELL AS FUNDING
OPERATIONS AT A MINIMUM LEVEL OVER NEXT 3-6 MONTHS
    * AGREED WITH CREDITORS THAT SHALL CONVERT THEIR LOANS OF
APPROXIMATELY NOK 76.208.596 INTO NEW SHARES IN COMPANY
    * SUBSCRIBERS IN DEBT CONVERSION WILL CONVERT NOK 76.208.596
AND
BE ALLOCATED 381,042,981 NEW SHARES AT A SUBSCRIPTION PRICE PER
SHARE EQUAL TO OFFER PRICE
    * WILL CARRY OUT A SUBSEQUENT OFFERING OF UP TO 125,000,000
NEW
SHARES

Source text for Eikon:  ID:nObix9mKXa 
Further company coverage:  SOFTX.OL 

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