Substrate Artificial Inteligence SA - Madrid-based firm which creates, buys and scales firms providing artificial intelligence services in fintech, agritech, energy, human resources, and health sectors - Makes 13th issue of 50 bonds convertible into class A shares in the company for a total amount of EUR500,000, as well as 416,666 convertible warrants. The issue relates to an investment agreement with Global Corporate Finance Opportunities struck in June 2022. Global Corporate Finance Opportunities committed to providing Substrate with EUR20.0 million backing by subscribing to interest-free mandatory convertible bonds, EUR1.0 million with the first tranche and EUR500,000 with the next 38.
Substrate's 'B' shares were admitted to trading on the AQSE Growth Market back in October, followed by its 'A' class shares in December.
Current 'B' stock price: 21.00 pence
change since October 10: up 4.4%
By Eric Cunha, Alliance News news editor
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