cyan AG announced a private placement to issue 2% convertible bond 2023/2025 to issue 1,414,854.00 bearer bonds with equal rights at a nominal value of ?1.80 for the gross proceeds of ?2,546,737.20 on September 4, 2023. The note bears 2% coupon rate and matures from January 1, 2023 to December 31, 2025. The conversion right" entitles the bondholders to exchange one partial bond with a nominal value of ?1.80 each for 1 no-par value bearer share in the bond debtor.

The transaction has been approved by the shareholder.