Substrate Artificial - Bond Conversion
Announcement provided by
Substrate Artificial Inteligence S.A. · SAI13/05/2024 12:00
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
13 May 2024
SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA
("Substrate AI" or the "Company")
BOND CONVERSION
Substrate AI (AQUIS: SAI/SAI.B) announces that, as a follow-up to the communication of Other Relevant Information of May 18, 2023 and the resolutions adopted by the Company's General Shareholders' Meeting on May 17, 2023, in relation to the delegation and issuance of convertible bonds within the framework of the financing agreement reached between the Company and GLOBAL CORPORATE FINANCE OPPORTUNITIES (the "Investor"), the Investor, in accordance with the terms and conditions of the convertible bonds, has proceeded to convert on March 12, 13, 15, 20, 22 and 26 and April 4 and 8:
a) 5 bonds for a combined nominal amount of
b) 5 bonds for a combined nominal amount of
c) 5 bonds for a combined nominal amount of
d) 3 bonds for a combined nominal amount of
e) 5 bonds for a combined nominal amount of
f) 3 bonds for a combined nominal amount of
g) 3 bonds for a combined nominal amount of
h) 21 bonds for a combined nominal amount of
Following the completion of the above transactions by GLOBAL CORPORATE FINANCE OPPORTUNITIES, the convertible bonds of the 14th issue "Convertible Bonds (MARCH 2024)" have been fully repaid.
In this regard, the Company's share capital will increase by a total nominal amount of
Of the total of the Company's New Shares, 789,471 Class A Shares are issued at an issue price of
Once the deed of capital increase by conversion is registered in the Mercantile Registry of
The Directors of Substrate AI accept responsibility for this announcement.
Substrate AI |
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Lorenzo Serratosa Chairman |
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First Sentinel Corporate Finance Corporate Advisors |
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Brian Stockbridge
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+44 (0) 7858 888 007
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About Substrate AI: Substrate AI is an artificial intelligence company based in
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