NedSense cancels warrants granted to investors
NedSense enterprises n.v (“NedSense”) today announces that it has reached agreement with Nantahala Capital Partners and Bertoia LLC in respect of the cancellation of all warrants held by them.
In the context of the participation in NedSense by Nantahala Capital Partners and Bertoia LLC in 2013, NedSense granted in aggregate 4,509,091 warrants to Nantahala Capital Partners and Bertoia LLC (the “Warrants“). Each Warrant entitles the holder thereof to purchase one (1) newly issued ordinary share in the capital of NedSense against a purchase price of EUR 0.33 per ordinary share.
As the Warrants are currently significantly out of the money, Nantahala Capital Partners, Bertoia LLC and NedSense have agreed that NedSense shall purchase the Warrants from Nantahala Capital Partners and Bertoia LLC for a purchase price per warrant of EUR 0.0001 (one hundredth of a euro cent), which amounts to an aggregate purchase price for all Warrants of EUR 450.91 (the “Purchase Price“). NedSense shall pay the Purchase Price within 9 days from the date hereof and confirms that the Warrants are hereby cancelled.
January 27, 2016 07:43