Get Fit Bharat

Circio Holding ASA: Requested Conversion of Convertible Bonds

Reference is made to Circio Holding ASA's (the "Company") outstanding convertible bonds as issued to Atlas Special Opportunities, LLC ("Atlas") under the Investment Agreement entered into between Atlas and the Company in March 2023. Atlas has, by a notice of conversion, requested conversion of convertible bonds with a nominal value …





Reference is made to Circio Holding ASA’s (the “Company”) outstanding convertible bonds as issued to Atlas Special Opportunities, LLC (“Atlas”) under the Investment Agreement entered into between Atlas and the Company in March 2023.

Atlas has, by a notice of conversion, requested conversion of convertible bonds with a nominal value of NOK 5,000,000 which, pursuant to the bond terms, are convertible into 8,287,750 new shares in the Company at a conversion price of NOK 0.6033.

The Company’s share capital will accordingly be increased by NOK 4,972,650.00 by the issuance of 8,287,750 new shares upon completion of the conversion by registration of the share capital increase in the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). Following the conversion, the Company’s total share capital will be NOK 25,184,037.00 divided into 41,973,395 shares, each with a nominal value of NOK 0.60.



For further information, please contact:
Erik Digman Wiklund, CEO
Phone: +47 413 33 536
Email: erik.wiklund@circio.com

Lubor Gaal, CFO
Phone: +34 683343811
Email: lubor.gaal@circio.com

About Circio

Building next generation RNA therapeutics
Circio Holding ASA is a biotechnology company developing novel circular RNA gene therapies and immunotherapy medicines.

Circio has established a unique circular RNA (circRNA) expression platform for genetic medicine. The proprietary circVec technology is based on a modular genetic cassette design for efficient biogenesis of multifunctional circRNA from DNA and viral vectors, which can be deployed in multiple disease settings, including cell and gene -therapy and chronic diseases. The circVec platform has demonstrated enhanced and more durable protein expression vs. classic mRNA vector systems and has the potential to become the new gold-standard for DNA and virus-based therapeutics in the future. The circRNA R&D activities are being conducted by the wholly owned subsidiary Circio AB based at the Karolinska Institute in Stockholm, Sweden.

In addition, Circio is developing a pan-RAS cancer vaccine, TG01, targeting KRAS driver mutations. TG01 is currently being tested in two clinical trials: RAS-mutated pancreatic and lung cancer in the USA and multiple myeloma in Norway. These studies are being run through academic and industry collaborative networks, supported by prestigious research grants from Innovation Norway and the Norwegian Research Council, creating read-outs and future optionality for the program at low cost to Circio.

Source link

tekinasolutionsandservices@gmail.com

tekinasolutionsandservices@gmail.com

Keep in touch with our news & offers

Subscribe to Our Newsletter

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *