Vividthree Holdings Ltd. announced a private placement of common shares at a price of SGD 0.027 per share and unsecured convertible bonds with a face value of SGD 100,000 each for the total gross proceeds of SGD 3,200,000 on July 12, 2024. The transaction will include participation from e Hildrics Asia Growth Fund VCC, Ever Pine Capital SPC and individual private investors. The bonds have a 3-year maturity, and a 6% annual coupon.

An additional 2% interest applies if the company redeems the bonds at maturity or are redeemed by the company before maturity. Each SGD 1 of bonds can be converted into shares at SGD 0.06 per share.