Achiko has entered into a new subordinated convertible loan transaction


Achiko AG has entered into a new subordinated convertible loan transaction of up to CHF 2 million with Negma Group containing a conversion right into registered shares of the Company with a conversion period of 3 years.









The convertible loan transaction will close between January 1 and February 15, 2021 and comes attached with an issuance of 1,500,000 warrants in Negma Group’s favour. Each warrant confers the right to purchase one registered share of the Company, has an exercise period between the 30th and 365th day after the date of issuance of the warrants, and with an exercise price of CHF 0.35 (subject to customary adjustments).


This replaces the existing financing facility with Negma Group and is complementary to the Company’s recent announcements regarding updates to the capital increase of CHF 2.9m in October and the recent announcement of the convertible note with Yorkville of USD 2.5m.


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