Aterian PLC (GB:ATN) has released an update.
Aterian PLC has announced the conversion of £542,197 worth of convertible loan notes and creditor balances into 774,566 new ordinary shares at 70 pence each. The move, aimed at expanding Moroccan exploration and for general corporate use, comes without interest payment to the holders due to the conversion prior to a Prospectus publication. Shareholders should note the increase in total voting rights to 11,666,276, following the new share admission expected around 1 July 2024.
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