Artificial Solutions announces minor amendments to the terms for convertible notes funding program
Artificial Solutions® International AB (publ) (“Artificial Solutions”) (SSME:ASAI) has previously announced an agreement with Nice & Green S.A. (“N&G”) regarding a convertible notes funding program. For the purpose of simplifying the administration of the program, Artificial Solutions and N&G have agreed today on certain amendments to the terms of the convertible notes funding program. The amendments imply that the size of each tranche under the program has been increased from SEK 5 million up to SEK 15 million, and that the term during which one tranche may be utilized has been extended from one month to three months. The total committed amount under the program, as well as all other material terms for the warrants, remain unchanged.
This information is such that Artificial Solutions International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 8:00 a.m. CET on 9th of March 2021.
Artificial Solutions International AB (publ) is listed on Nasdaq First North Growth Market in Stockholm with short name ASAI. Erik Penser Bank is the Company’s Certified Adviser (www.penser.se, tel: +46 (0) 8-463 83 00, e-mail firstname.lastname@example.org).
For further information, please contact:
Fredrik Törgren, CFO, Artificial Solutions,
Telephone: +46 (0)70 355 08 29,