NaaS Technology Strikes New Exchange Agreement

NaaS Technology (NAAS) has released an update.

NaaS Technology Inc. has entered into a Convertible Note Exchange Agreement with LMR Multi-Strategy Master Fund Limited, dated October 4, 2024, to exchange outstanding notes worth approximately $35.54 million for new considerations. This strategic financial move involves the cancellation of existing notes and the issue of new ones, as agreed upon by both parties. The agreement follows a series of financial arrangements between the two entities, including previous convertible note agreements and prepaid share repurchase agreements.

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