DGAP-News: Marinomed Biotech AG / Key word: Agreement
Marinomed to pause issuing of tranches of Convertible Notes Funding Program to Nice & Green
21.07.2022 / 07:45
The. | July 21, 2022
Increased Financing Commitment Napster Group PLC (AIM:NAPS), a leading music company and operator of the MelodyVR and Napster platforms, is pleased to announce that it has secured an increased funding commitment from Nice & Green S.A (the Investor ), a Swiss Investment firm who recently welcome a strategic partner Artemis Group ( Artemis ), owned by Swiss entrepreneur Michael Pieper. On 8 February 2021, the Company announced that the Investor had agreed to subscribe for unsecured Convertible Loan Notes totalling £6.48 million to be issued over a 12-month period commencing February 2021.Today, Nice & Green has increased its commitment to £8m and accelerated the availability of funding to enable the Company to access the entire £8m commitment by the end of June 2021. To date the Company has already received funding of £1.54m under the existing arrangement, the balance of £6.46m will be advanced in 3 equal monthly instalments commencing April 20