Brief: Artificial Solutions Says Agrees Flexible Convertible Notes Funding Program Providing Up To SEK 60 Mln To Support Accelerated Growth
05/10/2020 01:59
Oct 4 (Reuters) - Artificial Solutions International AB
ASAIN.ST :
* ARTIFICIAL SOLUTIONS AGREES A FLEXIBLE CONVERTIBLE NOTES
FUNDING
PROGRAM PROVIDING UP TO SEK 60 MILLION TO SUPPORT ACCELERATED
GROWTH
* ARTIFICIAL-ENTERED INTO CONVERTIBLE NOTE AGREEMENT WITH
NICE &
GREEN WHEREBY CONVERTIBLE NOTES OF UP TO SEK 60 MILLION WILL BE
ISSUED OVER 14 MONTH PERIOD
* CONVERTIBLE NOTES CAN BE CONVERTED TO SHARES AT A 7
PERCENT
DISCOUNT TO MARKET PRICE
* ARTIFICIAL -PURPOSE IS TO UNDERPIN COMPANY'S COMMITMENT TO
ACCELERATE GLOBAL SALES GROWTH OF ITS CONVERSATIONAL AI
SOLUTIONS
Source text for Eikon: ID:nWkr3TkJhP
Further company coverage: ASAIN.ST
((Reuters.Briefs@thomsonreuters.com;))