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EQS-Ad-hoc: fox e-mobility AG / Key word(s): Financing/Contract
fox e-mobility AG: further refinancing in the amount of EUR 3.5 million
30-Apr-2024 / 17:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News
- a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Further refinancing in the amount of EUR 3.5 million
The Management Board announces that, in addition to the Atlas refinancing (see ad hoc of April 22, 2024), the company
has today carried out a further refinancing with 20 creditors for a total amount of EUR 3.5 million. The liabilities
will be repaid in tranches linked to the receipt of the tranche from the Yangji investment. As part of the refinancing,
the creditors also have the option to opt for hybrid financing until the respective liability is settled in full and to
subscribe to a short-term convertible bond with 13 short-term exercisable option rights per convertible share. To
secure the refinancing, a total of 26,240 shares in Fox Automotive Switzerland AG (24.9% of total shares) were pledged
as collateral to the creditors.
The due liabilities and provisions for deliveries and services not included in the refinancing amount to approximately
EUR100,000.
The publication of the audited annual financial reports for 2022 and 2023 will be delayed until May/June 2024.
The company will publish a detailed press release on Thursday, May 2, 2024.
End of Inside Information
30-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      fox e-mobility AG 

Königsallee 61
40215 Düsseldorf
Germany

Internet:     www.fox-em.com 
ISIN:         DE000A2NB551 
WKN:          A2NB55 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg 
EQS News ID:  1893397 

End of Announcement EQS News Service
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1893397 30-Apr-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1893397&application_name=news

END) Dow Jones Newswires

April 30, 2024 11:45 ET (15:45 GMT)