(AOF) – Adthink, soon NFTY at the end of the next General Assembly to be held on January 11, announced Friday its intention to set up with Alpha Blue Ocean, a redeemable bond loan for a maximum amount of 3 million euros over 3 years, available in increments of 750,000 euros.
This new innovative financing solution would be implemented on the basis of the 3rd resolution of the Extraordinary General Meeting called to meet on January 11.
For each tranche, Adthink would issue OCAA (Bonds Convertible into Depreciable Shares not bearing interest) which would be subscribed at 95% of their nominal value.
The issue price of the new shares resulting from the conversion of the OCAA would be equal to the lowest average price weighted by the volumes of the Adthink share on Euronext Growth Paris during the fifteen trading sessions preceding their issue ( no discount).
For each tranche, the Investor would limit the total nominal value of the OCAA converted monthly to 100,000 euros, and would limit himself daily to selling the new shares thus issued within the limit of 20% of the volumes traded.
In the context of the current market parameters, in particular those of the Adthink share and the specific innovative conditions of the OCAA, in particular those listed above, the execution of the envisaged transaction should not have a negative impact on the company’s stock market price.
“This innovative financing solution will meet the specific needs of Adthink by aligning the interests of each party with those of existing shareholders. The net proceeds from the issue will be allocated to the general needs of the group, to the working capital required to accelerate our performance advertising activities as well as the technical and commercial development of our new NFT marketing services ”, declared Jonathan Métillon, the CEO of Adthink.
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