Advanced Blockchain AG: Capital increase successfully completed and oversubscribed
January 20, 2020 at 03:25 pm IST
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DGAP-News: Advanced Blockchain AG
/ Key word(s): Corporate Action
Advanced Blockchain AG: Capital increase successfully completed and oversubscribed
20.01.2020 / 10:50
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG (Frankfurt, Primary Market, Xetra, ISIN: DE000A0M93V6) can report full placement of the resolved capital increase from authorized capital excluding subscription rights.
The capital increase of 210,000 new stocks which opened on October 22nd, 2019 has been successfully subscribed by existing and new investors for the maximum number of 210,000 shares at a subscription price of EUR 5.40 per share, corresponding to 10% of the share capital.
Requests for subscription also exceeded the maximum volume of the capital increase. This demand can only be taken into account in future corporate actions.
Among the investors are Dr. Herbert Leifker, former Managing Director and Chief Commercial Officer of Unitymedia, and Michael Ganser, former CEO of Cisco Germany. They will both be working closely with the company. Mr. Ganser will be joining the Advanced Blockchain AG Supervisory Board.
The gross proceeds from the capital increase of approximately EUR 1.1 million are intended to serve the further expansion of the company and the further strengthening of the company's equity base.
Advanced Blockchain AG (www.advancedblockchain.com) is a publicly listed Blockchain-as-a-Service company based in Berlin. The company develops next-generation blockchain infrastructure and applications for the world's largest companies in the Automotive, IoT, Telecommunications and Machine industries. The company is the first blockchain company to be listed on the XETRA exchange operated by the Frankfurt stock exchange.
20.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Advanced Blockchain AG
Chausseestraße 86
10115 Berlin
Germany
Phone:
030403669510
Fax:
030403669511
E-mail:
info@advancedblockchain.com
Internet:
www.advancedblockchain.com
ISIN:
DE000A0M93V6
WKN:
A0M93V
Listed:
Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich
Advanced Blockchain AG is a Germany-based information technology (IT) company. The Company specializes in blockchain, utilizing distributed ledger technology (DLT), while simultaneously further developing other technological solutions, such as directed acyclic graphs (DAG). The Company operates within four business fields: DLT Consultancy, which offers businesses advice on how to apply DLT to their needs and provides the necessary know-how in the implementation process; Applications, which pursues further development and commercialization possibilities of the DAG technology and includes the Company's research activities; Development for third parties, which involves creating dedicated software on order, ranging from minor business process optimizations to full renewal of the business model based on the DAG technology, and Software as a Service (SaaS), which provides decentralized data processing and hosting services in exchange for a license fee.
ADVANCED BLOCKCHAIN AG 
