EQS-Ad-hoc: fox e-mobility AG / Key word(s): Financing/Contract Further refinancing in the amount of EUR 3.5 million The Management Board announces that, in addition to the Atlas refinancing (see ad hoc of April 22, 2024), the company has today carried out a further refinancing with 20 creditors for a total amount of EUR 3.5 million. The liabilities will be repaid in tranches linked to the receipt of the tranche from the Yangji investment. As part of the refinancing, the creditors also have the option to opt for hybrid financing until the respective liability is settled in full and to subscribe to a short-term convertible bond with 13 short-term exercisable option rights per convertible share. To secure the refinancing, a total of 26,240 shares in Fox Automotive Switzerland AG (24.9% of total shares) were pledged as collateral to the creditors. The due liabilities and provisions for deliveries and services not included in the refinancing amount to approximately €100,000. The publication of the audited annual financial reports for 2022 and 2023 will be delayed until May/June 2024. The company will publish a detailed press release on Thursday, May 2, 2024. End of Inside Information
30-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | fox e-mobility AG |
Königsallee 61 | |
40215 Düsseldorf | |
Germany | |
Internet: | www.fox-em.com |
ISIN: | DE000A2NB551 |
WKN: | A2NB55 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg |
EQS News ID: | 1893397 |
End of Announcement | EQS News Service |
|
1893397 30-Apr-2024 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.