Convertible Loan February 2022
Talkpool AG hereby launches a 2-year convertible loan at SEK 14 strike price and 6% annual interest until conversion or repayment. The total maximum convertible loan amount is limited to EUR 825’000. The loan can be converted to equity if Talkpool’s share price exceeds SEK 14 for more than 10 days.
This convertible is primarily aimed at shareholders. The proceeds will be used for improving Talkpool’s cashflow and for financing organic growth in the USA. The lender can choose SEK, EUR or CHF as currency. Please send an email to [email protected] if you’re interested in participating in this convertible offer.
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Borrower: |
Talkpool AG, Chur – Switzerland Company No. CHE-109.047.379
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Total face Amount: |
SEK 8’650’000 CHF 875’000 EUR 825’000
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Minimum Tranche: |
SEK 250’000 CHF 25’000 EUR 25’000
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Maturity: |
25 February 2022 – latest 28 February 2024 (if not converted earlier)
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Borrower’s option: |
if no conversion has occurred until February 2024, the borrower has the option to roll-over the loan for another 12 months. Latest maturity in that case would be 28 February 2025.
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p.a. |
The Borrower would engage to pay an additional 2 % interest for the period of 1 March 2024 until 28 February 2025.
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Interest Rate: |
6 % p.a. payable by each end of February.
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Loan Ranking: |
This Loan is subordinated to senior debt.
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Strike Price: |
Both parties have an option to convert the loan face amount plus accrued interests in registered shares of Talkpool AG (ISIN No. CH0322161768) at a strike price of SEK 14.00 per share at each end of half year (30 June/ 30 December)
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Currency at conversion: |
In case of a CHF or EUR loan, the applicable currency rate for the conversion will be fixed at on the 20th June and 20th December. |
