EQS-News: The NAGA Group AG: NAGA repays majority of convertible bonds; launches first SaaS White-label for Kuwaiti brokerage and starts “NAGA Communities” feature
The NAGA Group AG: NAGA repays majority of convertible bonds; launches first SaaS White-label for Kuwaiti brokerage and starts “NAGA Communities” feature
- The NAGA Group AG: NAGA repays majority of convertible bonds; launches first SaaS White-label for Kuwaiti brokerage and starts “NAGA Communities” feature
The issuer is solely responsible for the content of this announcement. - A further, new revenue stream will thereby be added with the SaaS vertical generating platform fees as well as transaction based and volume-driven income.
- NAGA repaid the majority of the convertible bonds and renegotiated terms for its outstanding convertible bonds issued in April 2023.
- The holder of the remaining convertible bonds is not exercising the conversion right, so that no equity dilution for existing shareholders will occur.