Artificial Solutions announces minor amendments to the terms for convertible notes funding program
Artificial Solutions® International AB (publ) (“Artificial Solutions”) (SSME:ASAI) has previously announced an agreement with Nice & Green S.A. (“N&G”) regarding a convertible notes funding program. For the purpose of simplifying the administration of the program, Artificial Solutions and N&G have agreed today on certain amendments to the terms of the convertible notes funding program.
The amendments imply that the size of each tranche under the program has been increased from SEK 5 million up to SEK 15 million, and that the term during which one tranche may be utilized has been extended from one month to three months. The total committed amount under the program, as well as all other material terms for the warrants, remain unchanged.
This disclosure contains information that Artificial Solutions International AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 09-03-2021 08:00 CET.
For further information, please contact:
Fredrik Törgren, CFO, Artificial Solutions
Telephone: +46 (0)70 355 08 29
About Artificial Solutions
Artificial Solutions® (SSME:ASAI) is the leading specialist in Conversational AI. We enable communication with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.
Artificial Solutions’ advanced conversational AI Teneo®, allows business users and developers to create sophisticated, highly intelligent applications that run across 38 languages and dialects, multiple platforms and channels in record time. The ability to analyse and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of data insight that reveal what customers are truly thinking.
Artificial Solutions’ conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, conversational bots, speech-based conversational UIs for smart devices and more. It is already used daily by millions of people across hundreds of private and public sector deployments worldwide. For more information, please visit www.artificial-solutions.com
Artificial Solutions International is listed on Nasdaq First North Growth Market in Stockholm with short name ASAI. Erik Penser Bank is the Company’s Certified Adviser (www.penser.se, tfn +46 (0) 8-463 83 00, e-post email@example.com).
For more information, please visit www.artificial-solutions.com.