axélero S.p.A. (BIT:AXEL) announced a private placement of convertible bond loan with warrants to Atlas Special Opportunities LLC or any of its affiliates for gross proceeds of up to €16,000,000 on December 29, 2017. The bond loan to be divided into eight tranches and each tranche will have a five year term to maturity from the relevant issue date. The bonds to be offered for subscription at a price equal to 98% of their nominal value and will accrue a gross annual interest of 2% from the issue date. The transaction has obtained shareholders approval.