Pixium Vision Announces The Implementation Of A Financing Of A Maximum Nominal Amount Of €30 Million, And The Drawdown Of A First Tranche Of €5.5 Million.
Pixium Vision Announces The Implementation Of A Financing Of A Maximum Nominal Amount Of €30 Million, And The Drawdown Of A First Tranche Of €5.5 Million.
07/14/22, 4:22 PM
Location
Industry
financial services
data and analytics
software
Pixium Vision announces the implementation of a financing of a maximum nominal amount of €30 million, and the drawdown of a first tranche of €5.5 million.
Company Info
Location
paris, ile de france, france
Additional Info
1 It is specified that the Company will receive a net amount of € 4,615,000 corresponding to the subscription price of the First Tranche (i.e. 96% of the total nominal amount), i.e. €5,280,000 reduced by (i) € 165,000 Commitment Fee, and (ii) the receivable held by the Investor against the Company corresponding to the balance of the bond loan granted by the Investor to the Company under the terms of an issuance agreement entered into on November 5, 2019 corresponding to 50 ORNAN 2019 with a par value of €10,000 which expired on May 13, 2022, i.e. €500,000.2 Either by using delegations of authority granted by the Combined General Meeting of April 19, 2022, or by using delegations of authority that may be requested from shareholders in the future.3 Pixium Vision will have the option of early termination of the financing without penalty only in the following events: (i) provided that the financing has been drawn down to a total of €12 million; (ii) in the event of the issuance of shares represented by American Depositary Shares and/or American Depositary Receipts in connection with the listing of shares to trading on a foreign stock exchange; (iii) in the event of a change in control; (iv) if it is impossible to drawdown the Second and/or Third Tranches, given certain price condition. Under the First Tranche, Pixium Vision will receive a net amount of €4,615,00.