Valoe opens up subscription period for €600,000 8% convertible bond

Chicago, July 14 – Valoe Corp. is opening a subscription period for up to €600,000 of 8% convertible bonds, starting Friday though Aug. 15, according to a press release.

Interest will be payable in kind.

The minimum subscription amount is €100,000. Subscriptions can also take the form of indisputable receivables of at least €100,000.

The convertible bond is a capital loan, the release said.

The expiration date will be June 20, 2025.

The conversion period begins Dec. 1, 2023 and expires on June 30, 2025. The convertible bond will be convertible into shares of the company at €0.02 per share, with a maximum issuance of 30 million new shares of the company.

The purpose of the issuance is to strengthen the company’s working capital situation and capital structure.

Valoe is a Mikkeli, Finland-based clean energy company specializing in automated production technology for solar modules.

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