17-Oct-2023 / 18:03 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
October 17, 2023 - Advanced Blockchain AG ("AB", Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) has sold 100,000 treasury shares at a price of 2.70 euros per share to a fund of Axxion S.A.. The company will thus receive proceeds of around 270,000 euros. In this move, the volume of the new convertible bond 2023/2029 is limited to a nominal amount of EUR 1.1 million. With the sale of its own shares and the issuance of the convertible bond, Advanced Blockchain is taking an important step towards strengthening its financial position and further financing its growth. The sale was carried out under exclusion of shareholders' subscription rights.
Contact:
Simon Telian, CEO ir@advancedblockchain.com
End of Inside Information Information and Explanation of the Issuer to this announcement:
Simon Telian, CEO of AB, commented, "I am very pleased to welcome a highly experienced fund specializing in high-growth small-cap stocks (fund advisor Discover Capital GmbH) as a new investor. The commitment demonstrates confidence in our company and the significant growth potential of our blockchain-focused business models."
About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive network of analysts, developers, programmers, economists and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovation in different ecosystems and markets of the industry.
For more information about Advanced Blockchain AG, its various projects and investments, please visit https://www.advancedblockchain.com/.
17-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Advanced Blockchain AG is a Germany-based information technology (IT) company. The Company specializes in blockchain, utilizing distributed ledger technology (DLT), while simultaneously further developing other technological solutions, such as directed acyclic graphs (DAG). The Company operates within four business fields: DLT Consultancy, which offers businesses advice on how to apply DLT to their needs and provides the necessary know-how in the implementation process; Applications, which pursues further development and commercialization possibilities of the DAG technology and includes the Company's research activities; Development for third parties, which involves creating dedicated software on order, ranging from minor business process optimizations to full renewal of the business model based on the DAG technology, and Software as a Service (SaaS), which provides decentralized data processing and hosting services in exchange for a license fee.
ADVANCED BLOCKCHAIN AG 
