NAGA issues USD 8 million convertible bond in private placement

Bitget2026/10/09 07:00

NAGA plans a USD 8 million convertible bond 2026/2029 via private placement, excluding shareholders’ subscription rights. Deal is fully subscribed by two institutional investors led by Presto Asset Pte. Ltd.; issuance expected Oct. 15. Bond carries an 8% annual coupon paid quarterly; 36-month term; not slated for stock exchange listing. Conversion price set at USD 4.2615; investors can opt for USD 1.50 conversion if performance targets are missed. Full conversion implies up to about 8.1% dilution at USD 4.2615; up to about 22.9% at USD 1.50. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The NAGA Group AG published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2412918_en) on October 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

UK funds significantly reduced their holdings in SpaceX last week and had fully exited Tesla as of April.

格隆汇•2026/11/09 05:55

Swiss Franc weakens as Fed hawkish outlook lifts USD/CHF

FXStreet•2026/11/09 05:45

Sun Machinery CEO Park Kyung-hee Raises Stake to 8.40% From 8.31%

Bitget•2026/11/09 05:37

The central bank has increased its gold reserves for 24 consecutive months, with October’s increase hitting a record high for the period.

新浪财经•2026/11/09 05:37