REG - Substrate AI-Class B - Investment Agreement Supplementary Information

Substrate Artificial Inteligence SAAnnouncement

13/02/2024 17:00

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RNS Number : 0221D  Substrate Artificial Intel - B    13 February 2024

 

13 February 2024

 

SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA

("Substrate AI" or the "Company")

INVESTMENT AGREEMENT SUPPLEMENTARY INFORMATION

Substrate AI (AQUIS: SAI/SAI.B) announces that, further to its announcement
made on 9 February  2024 regarding the investment agreement entered into
between Substrate AI and INDICO INVESTMENTS AND MANAGEMENT, S.L. (the
"Investment Agreement"), the Board of Directors will submit the Investment
Agreement for ratification by the General Shareholders' Meeting, to be
convened by the Board of Directors of the Company in due course.

The Company also clarifies that the Investment Agreement does not include a
pre-established schedule for the disbursement of the 4 tranches of €500,000.
The tranches will be disbursed by INDICO at the sole request of Substrate AI.

The Directors of the Company accept responsibility for the contents of the
announcement.

For further information, please contact:

 Substrate AI
 Lorenzo Serratosa                     info@substrate.ai (mailto:info@substrate.ai)

 Chairman
 First Sentinel Corporate Finance

 Corporate Advisors
 Brian Stockbridge                     +44 (0) 7858 888 007

 

About Substrate AI: Substrate AI is an artificial intelligence company based
in Spain that creates, buys and scales companies around AI in diverse sectors
such as fintech, agritech, energy, human resources, or health. All of them
sell products and services built on the bio-inspired reinforced learning
technology developed and patented by Substrate AI.

 

 

 

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