Subgen AI announces that subsidiary Substrate AI has received initial contribution of approximately EUR 3.9 million from investors
Subgen AI announces that subsidiary Substrate AI has received initial contribution of approximately EUR 3.9 million from investors
Subgen AI AB (“Subgen AI” or the “Company”) hereby announces that its Spanish subsidiary Substrate Artificial Inteligence S.A. (“Substrate AI”) has received an initial contribution of approximately EUR 3.9 million from investors as part of the commitment communicated by the Company on June 29, 2026.
A total of approximately EUR 1.9 million were provided by the Spanish Society for Technological Transformation (the “SETT”), while EUR 1.0 million were provided by each of the private investors Loft Structured Opportunities Fund I and 8 International Ltd. According to the commitment, which has been previously communicated on June 29, 2026, the investors buy bonds which will be converted into shares in Substrate AI within three years, according to the conditions of the signed contract. The investors may subscribe to a total of EUR 39.2 million as per the signed contract.