Tiger participates in Satsuma Technology fundraise
Tiger invests £500,000 in Satsuma Technology's secured convertible loan note fundraise totalling £163.66m.
- Tiger's subscription £500,000
- Total fundraise £163,660,000
- Conversion price £0.01 per share
Select text to share a quote on X · sign in to keep highlights & notes in your AGI notes
Tiger Royalties and Investments Plc (AIM: TIG), an investment vehicle focused on incubating technology and mining projects, is pleased to announce that it has subscribed £500,000 (circa $664,945) in Satsuma Technology PLC's second secured convertible loan note round. This funding raised a total of approximately £163,660,000 (circa $217,650,000).
Satsuma Technology PLC ("Satsuma") is a company with shares trading on the Main Market of the London Stock Exchange, is headquartered in London and is focused on decentralised artificial intelligence and bitcoin treasury management.
The Loan Notes will convert into ordinary shares of £0.001 each in the capital of Satsuma at £0.01 per share subject to (a) its shareholders approving the necessary resolutions to authorise the directors to allot and issue free of pre-emption rights and (b) the publication by Satsuma of a prospectus.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.