fox e-mobility AG: further refinancing in the amount of EUR 3.5 million
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.
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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
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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