Jade Road Investments (LSE:JADE) Launches £1 Million Convertible Loan Notes

September 18, 2024 10:30 AM BST | By Team Kalkine Media
 Jade Road Investments (LSE:JADE) Launches £1 Million Convertible Loan Notes
Image source: shutterstock

Jade Road Investments Limited (LSE:JADE) has announced the issuance of up to £1,000,000 in principal value of convertible loan notes (CLN), following its previous update on 16 August 2024. The CLN is non-interest bearing, features a maturity period of 10 months, and can be converted into JADE shares at a price 30% below the lowest closing bid price over the 30 business days leading up to the conversion notification.

Initial Issuance to MBM

Today, JADE issued £80,000 in principal value of CLN to MBM, having received this sum in accordance with the agreed terms of their strategic partnership. This initial issuance represents the first tranche of the total CLN allocation and aligns with the strategic financial planning of both firms.

Future Updates and Investment Opportunities

Jade Road Investments will provide further updates regarding additional tranches of the CLN as they are issued to MBM and other investors. Additionally, the company will keep stakeholders informed about target investment opportunities as they arise.

 


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