Northern Data AG
NORTHERN BITCOIN ENSURES EXTENSIVE FINANCING
DGAP-News: Northern Bitcoin AG
/ Key word(s): Corporate Action
PRESS RELEASE
– Convertible bond with a volume of up to EUR 20 million – Financing unlocks additional growth potential
Frankfurt on the Main – November 15, 2019 – Northern Bitcoin AG (XETRA: NB2, ISIN: DE000A0SMU87) resolved to issue a convertible bond for the entry of an international consortium of leading blockchain companies and investors. The Company has received confirmation for EUR 10 million, the total volume of the convertible bond, including the free-float share, is up to EUR 20 million. The convertible bond has a term of five years and an interest rate of 5 percent per year, the conversion price is EUR 8.00 per share. The Company is entitled to pay a cash sum of EUR 21.00 instead of delivering the shares. The Company therefore has the option to execute the financing without dilution of the existing shareholders. Mathis Schultz, CEO of Northern Bitcoin, commented: “This financing is a strong validation of our Company and our strategy to provide Bitcoin with a sustainable and extremely fast scalable infrastructure. The investment is a step closer to our objective of building the world’s largest sustainable company for the Bitcoin infrastructure. Together with major industry partners, we have created both the technological and logistical basis to massively scale our business. This now resolved financing allows us to take a giant leap forward.” Northern Bitcoin AG, based in Frankfurt, started in 2018 as a sustainable Bitcoin Miner and is recording a rapid growth thanks to the strong global distribution of Bitcoin and its blockchain. The Company among other things operates a mining site based on renewable energy sources in Norway and benefits from the rapid adaptation of Bitcoin as “digital gold” and new means of payment. With the offer of its own wallet, the Company becomes the operator of a 360-degree Bitcoin ecosystem. Investor Relations:
15.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Northern Bitcoin AG |
Thurn-und-Taxis-Platz 6 | |
60313 Frankfurt/Main | |
Germany | |
Phone: | +49 69 34 87 52 25 |
E-mail: | info@northernbitcoin.com |
Internet: | www.northernbitcoin.com |
ISIN: | DE000A0SMU87 |
WKN: | A0SMU8 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access), Tradegate Exchange |
EQS News ID: | 914639 |
End of News | DGAP News Service |