Oslo, 13 June 2024: Reference is made to the stock exchange announcement by Circio Holding ASA (OSE:CRNA) ("CIRCIO" or the "Company") on 29 May 2024 regarding the terms and key information of the planned rights issue to raise gross proceeds of up to NOK 52 million (the "Rights Issue"), including the commitment by Atlas Special Opportunities, LLC ("Atlas") to provide the Company with financing until completion of the Rights Issue by subscribing for bonds with a nominal value of NOK 4 million (the "Bridge Financing").
The Company has by a notice of exercise under the investment agreement entered into with Atlas (the "Investment Agreement"), which was approved by an extraordinary general meeting of the Company on 9 March 2023 and amended at an extraordinary general meeting on 27 September 2023, formally called on the Bridge Financing by requesting Atlas to subscribe and pay for eight convertible bonds with an aggregate principal amount equal to NOK 4,000,000. Atlas will be allocated these bonds under the terms and conditions of the Investment Agreement.