Circio Holding ASA - NOK 1.5m requested from Atlas under NOK 10m rights issue commitment
Oslo, 12 August 2024: Reference is made to the stock exchange announcement by Circio Holding ASA (OSE:CRNA) on 9 July 2024 regarding the final result of the rights issue, raising gross proceeds of NOK 18,107,480. In association with the rights issue transaction, Atlas guaranteed for NOK 10 million under the existing convertible bond facility to ensure minimum NOK 19.395 million in gross proceeds (the "CB commitment"). As the rights issue subscriptions fell below the secured minimum level, Circio has by a notice of exercise,formally called on the CB Commitment by requesting Atlas to subscribe and pay for three convertible bonds with an aggregate principal amount equal to NOK 1,500,000. Atlas will be allocated these bonds under the terms and conditions of the Investment Agreement.