Circio Holding ASA: Requested Conversion of Convertible Bonds
Reference is made to Circio Holding ASA's (the "Company") outstanding convertible bonds as issued to Atlas Special Opportunities, LLC ("Atlas") under the Investment Agreement entered into between Atlas and the Company in March 2023.
Atlas has, by a notice of conversion, requested conversion of convertible bonds with a nominal value of NOK 2,500,000 which, pursuant to the bond terms, are convertible into 4,166,666 new shares in the Company at a conversion price of NOK 0.6.
The Company's share capital will accordingly be increased by NOK 2,499,999.60 by the issuance of 4,166,666 new shares upon completion of the conversion by registration of the share capital increase in the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). Following the conversion, the Company's total share capital will be NOK 17,711,803.80 divided into 29,519,673 shares, each with a nominal value of NOK 0.60.