Circio Holding ASA: Requested Conversion of Convertible Bonds
Reference is made to Circio Holding ASA's (the "Company") outstanding convertible bonds as issued to Atlas Special Opportunities, LLC ("Atlas") under the Investment Agreement entered into between Atlas and the Company in March 2023. Atlas has, by a notice of conversion, requested conversion of convertible bonds with a nominal value of NOK 2,000,000. Pursuant to the bond terms, the conversion price is NOK 0.5935. As the conversion price cannot be set lower than the nominal value of the share, the conversion price for the conversion is set to NOK 0.6 and the NOK 2,000,000 convertible bonds