Capital Increase Procedure Announcement
Holders of warrants as of August 14 are invited to participate in an upcoming capital increase process. The registration for shares will take place from August 15 to August 30.
Details of the Capital Increase
“ImPuls Rastezh” AD has announced the initiation of a capital increase procedure through the issuance of recently released warrants, as reported through the Bulgarian Stock Exchange.
The plan is to raise the capital from 5,924,266 BGN to a maximum of 8,886,398 BGN. This will be achieved by issuing up to 2,962,132 ordinary, dematerialized, freely transferable class “A” shares, each with a nominal value that will be established in the process.
New Share Issuance Announcement
The upcoming shares will be available exclusively to the holders of the company’s warrants.
Eligibility for Capital Increase
Individuals entitled to participate in the capital increase of “Impulse Growth” are those recorded as warrant holders in the securities register maintained by the Central Depository AD as of August 14, 2024. The final date for executing transactions involving warrants, allowing the buyer to partake in this capital increase, is August 12, 2024.
Share Subscription Timeline
Share subscriptions will commence on August 15, 2024.
Important Information on Warrant Exercise Deadline
The final date for exercising warrants through the subscription of shares from the current capital increase is August 30, 2024.
Warrant Subscription Rights
Each warrant allows the holder to subscribe for one new share. This means that every warrant holder has the right to acquire a number of shares equivalent to the total number of warrants they possess during this capital increase.
Non-Exercised Warrants
The rights associated with warrants that remain unexercised during this capital increase will not expire simply because they were not utilized. Instead, these rights may be exercised in subsequent offerings under the terms outlined in the warrant issuance.
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Successful Capital Increase at Impulse Growth
The capital increase will be deemed successful once at least one of the new shares has been subscribed and paid for. This means that the company’s capital can rise from 1 lev to a total of 2,962,132 lev, depending on how many shares are subscribed.
Investment Intermediary Involved
The investment intermediary managing the capital increase for “Impulse Growth” is Sofia International Securities AD.
Recent Acquisition of Shares
In a separate announcement, “Impulse Growth” has disclosed the acquisition of 15,000 shares in Smart Organic AD, amounting to a total investment of 294,000 lev. This transaction was completed through a registration deal.
Insights on Future Developments
As the capital increase unfolds, stakeholders are optimistic about the future growth prospects of the company. The investment in Smart Organic reflects a strategic move to enhance the company’s portfolio and ensure long-term sustainability.
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Recent Sales and Investments by Smart Organic AD
Smart Organic AD recently reported the completion of the sale of 988 shares, generating a total revenue of 23,000 Bulgarian Lev.
Investment in Delivers.AI Ltd
Additionally, the company announced that its third investment fund, “ImVenture III KDA,” participated in a funding round for Delivers.AI Ltd. The investment amounted to £265,000 (approximately 610,000 Bulgarian Lev). This funding round raised nearly £3 million and included contributions from the Türkiye Development Fund, Istanbul Technical University, and Japan Post Capital.
About Delivers.AI Ltd
Delivers.AI Ltd is a platform specializing in the management of robotic autonomous deliveries to end customers. The company was founded by a group of Turkish entrepreneurs and is focused on revolutionizing delivery services through innovative technology.
Warwick Headquarters, United Kingdom
The company operates not only in the UK but also has a presence in the United States, Turkey, and Bulgaria. Among its current investors are notable names such as Plug & Play Ventures, Kalyon Ventures, Inveo Ventures, Arz Portfolio Fund, and Driventure.
Affiliated Companies
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