Adthink (ENXTPA: ALADM), soon NFTY at the end of the next General Meeting to be held on January 11, 2022, announces its intention to set up with Alpha Blue Ocean (“Investor”), a redeemable bond loan of a maximum amount of € 3,000,000 over 3 years, available in increments of € 750,000.
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, 2022.
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:
– limit the total nominal value of OCAA converted monthly to € 100,000, and
– would be limited daily to selling the new shares thus issued up to a limit of 20% of the volumes traded.
(read more in the attached PDF press release)