By Marisa Wong
Los Angeles, Dec. 18 – Valoe Corp. said it has decided to extend the subscription period of its convertible bonds, 2019 fourth issue, until March 15.
The subscription period was originally set to expire on Dec. 18.
Valoe plans to issue up to €3.5 million of 8% convertible bonds due April 15, 2022, according to a Nov. 5 press release.
The bonds would be convertible into a maximum of 38,888,888 new shares of Valoe at a price of €0.09 per share.
The company said the purpose of the bond issue is to collect more financing to carry out its business plan.
Based in Mikkeli, Finland, Valoe specializes in clean energy, especially in photovoltaic technology.
| Issuer: | Valoe Corp.
|
| Issue: | Convertible bonds, 2019 fourth issue
|
| Amount: | Up to €3.5 million
|
| Maturity: | April 15, 2022
|
| Coupon: | 8%
|
| Conversion price: | €0.09 per share
|
| Subscription period: | Closes March 15
|
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