Listed crypto company NBX has raised £12.6 million in a private placement. According to a stock exchange announcement, the money will be used to cover development costs associated with the company's many development projects. NBX has reported in a separate announcement that the due diligence process in connection with the acquisition of Mint is taking somewhat longer than planned.
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Listed crypto company NBX has raised £12.6 million in a private placement. According to a stock exchange announcement, the money will be used to cover development costs associated with the company's many development projects. NBX has reported in a separate announcement that the due diligence process in connection with the acquisition of Mint is taking somewhat longer than planned.
In a video interview with Kaupr, CEO Stig Alexander told Kjos-Mathisen earlier this year that NBX in its development of products and services aims to bridging the gap between crypto and classical finance. The issue consists of 21 million new shares subscribed at a rate of 0.6 per share. The issue is also subject to approval in an extraordinary general meeting to take place on March 20, 2024.
The placement consists of four investors of which Vegard Kristiansen is the largest underwriter with a drawing of 16,666,666 shares, following the issuance of the shares and the planned debt conversion at the upcoming EGM. Mr. Vegard Kristiansen will own slightly less than 10% of the shares in the company. It is expected that Mr. Vegard Kristiansen will be elected to the Board of Directors at the upcoming EGM and will take an active role as an investor and director in the company.
The Board of Directors has also adopted an intention to make a subsequent offer in which existing shareholders can subscribe for up to 4.2 million new shares, which in the event will add an additional NOK 2.52 million to NBS.
In another exchange announcement, NBX has warned that the due diligence process in connection with the purchase of Mint will take longer than expected. The deadline for this process has now been postponed from February 29 to March 21, 2024. Through the purchase of Mint, NBX will gain access to a platform for tokenization of Real World Assets (RWA), where marketing and sales of tokenized gems are already underway.
Listed crypto company NBX has raised £12.6 million in a private placement. According to a stock exchange announcement, the money will be used to cover development costs associated with the company's many development projects. NBX has reported in a separate announcement that the due diligence process in connection with the acquisition of Mint is taking somewhat longer than planned.
Listed crypto company NBX has raised £12.6 million in a private placement. According to a stock exchange announcement, the money will be used to cover development costs associated with the company's many development projects. NBX has reported in a separate announcement that the due diligence process in connection with the acquisition of Mint is taking somewhat longer than planned.
In a video interview with Kaupr, CEO Stig Alexander told Kjos-Mathisen earlier this year that NBX in its development of products and services aims to bridging the gap between crypto and classical finance. The issue consists of 21 million new shares subscribed at a rate of 0.6 per share. The issue is also subject to approval in an extraordinary general meeting to take place on March 20, 2024.
The placement consists of four investors of which Vegard Kristiansen is the largest underwriter with a drawing of 16,666,666 shares, following the issuance of the shares and the planned debt conversion at the upcoming EGM. Mr. Vegard Kristiansen will own slightly less than 10% of the shares in the company. It is expected that Mr. Vegard Kristiansen will be elected to the Board of Directors at the upcoming EGM and will take an active role as an investor and director in the company.
The Board of Directors has also adopted an intention to make a subsequent offer in which existing shareholders can subscribe for up to 4.2 million new shares, which in the event will add an additional NOK 2.52 million to NBS.
In another exchange announcement, NBX has warned that the due diligence process in connection with the purchase of Mint will take longer than expected. The deadline for this process has now been postponed from February 29 to March 21, 2024. Through the purchase of Mint, NBX will gain access to a platform for tokenization of Real World Assets (RWA), where marketing and sales of tokenized gems are already underway.
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