Major shareholder acquires PHI’s convertible loan from Formue Nord
Phase Holographic Imaging (PHI) informs the market that PHI’s largest investor, Altium S.A., has on this day taken over PHI’s outstanding convertible loan from Formue Nord.The convertible loan was taken by PHI to bridge the consequences of the COVID-19 pandemic in May 2020. The outstanding loan amounts to 17 841 KSEK with the following terms: · Conversion rates: 11.90 SEK per new share until May 2, 2023 (last day in the exercise period for warrants of series TO 3) and 15.45 SEK per new share from May 3, 2023, until October 16, 2024. · Conversion period: The convertible holder is