Company announcement no. 28-2023
Audientes ("Audientes" or the "Company"), CVR 36047631, has reached an agreement to prolong the existing bridge loan originally secured in Q1-2022, which will amount to
The loan is expected to be further prolonged until the end of
The options for the lenders to convert the loan to equity at certain times will be included in the new loan agreements and is expected to take place in conjunction with:-
(1) the publishing of Audientes' quarterly and annual reports. The conversion rate will be calculated using the Volume-Weighted Average Price method (known as VWAP) over 10 trading days starting from the day following publication;
(2) with emissions to others (directed and rights issues).
The refinancing of the bridge loan is expected to be agreed to with the existing lenders immediately after the EGM to be held on
For further information, please contact:
Phone: +45 77 34 16 80
Email: st@audientes.com
Phone: +45 77 34 16 80
Email: tto@audientes.com
About Audientes A/S
Audientes A/S is a Danish hearing health company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes' unique hearing aid solution, Ven™ by Audientes, is available for purchase in the Indian market. Companion by Audientes is an advanced hearable consumer electronics product.
Audientes' mission is to make high-quality hearing aids and hearables for hearing improvement or hearing enhancement accessible to everyone who needs them globally. Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in
For additional information please refer to the company's websites, www.audientes.com, www.audientes.eu or www.audientes.in.
This disclosure contains information that Audientes is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on
https://news.cision.com/audientes/r/audientes-a-s-prolongs-bridge-loan-which--subject-to-authorization-from-the-coming-egm--will-be-refi,c3827167
https://mb.cision.com/Main/21235/3827167/2266305.pdf
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