Key Details of the Proposed Fundraising
- The fundraising is structured as a convertible bond issuance, allowing the Investor to convert the bonds into new shares of Vividthree Holdings Ltd.
- This development represents a significant step forward in the Company’s capital-raising efforts, following the receipt of the deposit and formal signing of the agreement.
- The Conversion Price of S\$0.0165 per share could potentially impact the valuation and future share price of Vividthree, especially if conversion occurs.
- The agreement confirms the Company’s commitment to securing new capital, which may be used to support growth initiatives or strengthen its financial position.
Important Shareholder Information
- Shareholders and potential investors are advised to exercise caution in trading Vividthree shares, as there is no certainty or assurance at this stage that the fundraising will be completed.
- The Company will continue to provide updates on material developments relating to the fundraising.
- A copy of the Bond Subscription Agreement is available for inspection at the Company’s registered office for three months from the announcement date.
- This announcement has been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited, but not by the Singapore Exchange Securities Trading Limited (SGX-ST).
- The SGX-ST assumes no responsibility for the contents of this announcement.
Potential Price Sensitivity and Impact
- The convertible bond issuance and its terms (including the conversion price) are potentially price-sensitive, as a successful fundraising could result in new shares being issued at S\$0.0165 per share, which may affect the share supply and price dynamics.
- The completion of this fundraising could signal improved liquidity and financial strength for Vividthree Holdings Ltd., which investors should monitor closely.
- However, the Company specifically warns that there is no guarantee the fundraising will proceed to completion, and investors should remain cautious until further announcements are made.
Next Steps and Ongoing Disclosure
- Vividthree Holdings Ltd. will make further announcements as and when there are material developments regarding the proposed fundraising.
- Shareholders and investors are strongly encouraged to follow these updates and consult with their stockbrokers, solicitors, or other professional advisers if unsure about the actions they should take.
Contact Information
For any queries regarding this announcement, investors can contact Mr. Lance Tan, Senior Vice President at UOB Kay Hian Private Limited, 83 Clemenceau Avenue #10-01 UE Square, Singapore 239920, telephone (65) 6590 6881.
Disclaimer
This article summarizes information disclosed by Vividthree Holdings Ltd. and is for informational purposes only. It does not constitute investment advice or an offer to buy or sell securities. Investors are advised to exercise caution, rely on official company disclosures, and consult their professional advisers before making any investment decisions.
