Iconic Labs PLC Subscription of convertible notes (9763E)
01 Novembre 2022 - 05:50PM
UK Regulatory
TIDMICON
RNS Number : 9763E
Iconic Labs PLC
01 November 2022
1 November 2022
Iconic Labs Plc ("Iconic") In Administration
EHGOSF Subscribes to a GBP 150,000 Second Tranche Under GBP 3
Million Financing Facility
Iconic announces that European High Growth Opportunities
Securitization Fund ("EHGOSF") has subscribed to a GBP150,000
second tranche of convertible notes under the GBP3 million
financing facility that was entered into on 28 September 2022.
In exchange, Iconic will issue 150 convertible notes to EHGOSF
along with 468,750,000 warrants with an exercise price of GBP
0.00016.
The funds under this second tranche shall be used to meet
Iconic's obligations to critical and preferential creditors under
the CVA and for operational purposes as Iconic seeks to get its
trading suspension lifted as soon as possible.
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