Brief: DLT: Completion Of Private Placement

Univid ASA

25/11/2021 06:08

Nov 25 (Reuters) - DLT ASA  DLTX.OL :
    * ENTERED INTO A TERM SHEET WITH ETHOS INVESTMENT X LLC
("ETHOS"),
IN WHICH IT IS AGREED THAT ETHOS (OR AN AFFILIATE OF ETHOS)
SHALL INVEST USD 10,000,000 IN DLTX THROUGH A PRIVATE PLACEMENT
OF 4,921,216 NEW SHARES IN DLTX
    * SUBSCRIPTION PRICE OF 18.02 NOK PER SHARE
    * ETHOS SHALL ALSO BE GRANTED WARRANTS WITH A TOTAL STRIKE
PRICE
OF USD 1,000,000 WITH A SHARE STRIKE PRICE OF NOK 36.08 PR SHARE
(EQUALING APPROXIMATELY TO 250,000 WARRANTS)
    * COMPLETION OF PRIVATE PLACEMENT IS SUBJECT TO PARTIES
AGREEING
ON AND ENTERING INTO A DEFINITIVE BINDING AGREEMENT ON PRIVATE
PLACEMENT

Source text for Eikon:  ID:nObif08RYa 
Further company coverage:  DLTX.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))