Money

ADVERTORIAL: Investors to be offered bonds in Estonian adtech startup



Investors will be offered bonds of the Estonian adtech startup PRNEWS.IO – to raise 2million Euros

The startup helps businesses get media coverage and helps news publishers earn rewards after publishing sponsored content.

The funds raised will be used for general corporate purposes associated with the expansion into the global market.

The total volume of the issue will be EUR 2 million which is split into convertible secured priority bonds with a par value of EUR 1,000.

The expected coupon rate is 12% per annum, with bond payments to be made semi-annually. The bond buy back period is 24 months due in September 2022.

The securities issue will be carried out by PRNEWS.OU, registered in Estonia, and the bond issue is secured by the company’s shares, estimated at EUR 15 million. The company’s capital is registered at the Nasdaq CSD.

Information about the issue is available after registration on the investment portal of the company.

The company has three offices – in Estonia, Ukraine and Russia and in March 2020, became a marketing and sales service provider for the Estonian state digital identity program e-Residency.

To find more about the company, go to https://prnews.io/



READ SOURCE

READ  Almost every adult in Britain could receive £300 windfall from Mastercard after landmark ruling

Leave a Reply