Brief: Magnasense Signs Conditional Settlement With Atlas Special Opportunities

Subgen AI AB

30/09/2025 06:49

Sept 30 (Reuters) - Magnasense AB MAGNA.ST:

SAID ON MONDAY ENTERED INTO CONDITIONAL SETTLEMENT AGREEMENT WITH ATLAS SPECIAL OPPORTUNITIES, LLC

ALL PRIOR AGREEMENTS WITH ATLAS ARE TERMINATED AND ALL OF ATLAS' EXISTING CLAIMS AGAINST COMPANY ARE SETTLED

LOAN FACILITY, AMENDMENT AGREEMENT, CONVERTIBLE BONDS AND ANY OTHER OUTSTANDING CLAIM WILL BE SET OFF AGAINST 17,722,664,794 ORDINARY SHARES IN MAGNASENSE

SUBSCRIPTION PRICE OF SEK 0.002426 PER SHARE

EGM TO RESOLVE ON SUBGEN AI LIMITED'S PLANNED REVERSE TAKEOVER OF MAGNASENSE

MAGNASENSE AND SUBGEN AI LIMITED NOT TO PURSUE REQUIREMENT THAT THIRD-PARTY INVESTOR ASSUME RESPONSIBILITY FOR ADMINISTRATIVE FINE

NEW LISTING PROCESS IS REQUIRED FOR MAGNASENSE ON NASDAQ FIRST NORTH GROWTH MARKET

 Source text for Workspace: nMFN8y6q9C
 Further company coverage: MAGNA.ST

 (Gdansk Newsroom)

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