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EQS-News: fox e-mobility AG / Key word(s): Financing/Contract
fox e-mobility AG: further refinancing in the amount of 3.5 million euros and conversion to registered shares in May
2024
2024-05-02 / 18:03 CET/CEST
The issuer is solely responsible for the content of this announcement.
Further refinancing in the amount of 3.5 million euros and conversion to registered shares in May 2024
The company continued the necessary refinancing of liabilities that had already begun with Atlas Special Opportunities
for an additional amount of 3.5 million euros.
An essential element of the refinancing is, on the one hand, the protection of creditors via shares in Fox Automotive
Switzerland AG as well as the instalment payment linked to the tranches of the Yangi Investment and the option to
convert the liabilities into shares via convertible bonds, with 13 warrants being granted as an incentive.
As a result of this refinancing and the payment of EUR100k by the executives of Yangji Investment Partners LLC, the
company's financial situation has further improved.
The company also announces that the conversion from bearer shares to registered shares of the company, led by Quirin
Bank and then carried out by Clearstream, should take place in May 2024.
2024-05-02 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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:  1894631 

End of News EQS News Service
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1894631 2024-05-02 CET/CEST

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END) Dow Jones Newswires

May 02, 2024 12:03 ET (16:03 GMT)