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On 14 August 2023, EHGOSF subscribed to £300,000 of convertible notes from Iconic Labs Plc, under a £3 million financing facility that was entered into on 28 September 2022. In exchange, Iconic Labs Plc will issue 300 convertible notes and 5,000,000,000 warrants to EHGOSF, with the warrants having an exercise price of £0.00003.
| Date | 14 Aug 2023 |
| Time | 07:59:23 |
| Category | Capital structure |
| ID | 2106J |
14 August 2023
Iconic Labs Plc ("Iconic")
EHGOSF Subscribes to a £ 300,000 Under £ 3 Million Financing Facility
EHGOSF has subscribed to a £ 300,000 of convertible notes under the £ 3 million financing facility that was entered into on 28 September 2022.
In exchange, Iconic will issue 300 convertible notes to EHGOSF along with 5,000,000,000 warrants with an exercise price of £ 0.00003.
The funds under this tranche shall be used to meet Iconic's operational and strategical purposes.