GeoJunxion announced that it has reached an agreement with the holders of its convertible loan to extend the duration for an additional 18 months, whilst leaving the nominal interest rate unchanged. The loan, with a principal amount of €1,27 million per 30 September 2021, bears an interest rate of 9% p.a. (of which 3% is paid in cash and 6% paid in kind (PIK)). It continues to be secured by a.o. a pledge on the IP owned by GeoJunxion N.V. and a pledge on the shares of GeoJunxion B.V., the main operating subsidiary.  Under this new agreement, the updated maturity date will be 3 August 2023, which is an extension of 18 months to the current maturity date of 3 February 2022. An overview of the other terms that were agreed upon: At the maturity date and at the choice of the lenders, the loan can be settled (i) by the conversion of (the initial principal amount + cumulative PIK interests) into newly issued ordinary shares of GeoJunxion NV, using a conversion rate of €1.50, or (ii) by payment in cash of 125% of (the initial principal amount + cumulative PIK interests). Renegotiation trigger: Should the share price trade below €1,50 or the 60-day moving average share price be below €1,50 on 3 May 2023 (3 months prior to maturity), the conversion rate can be renegotiated in good faith. The loan can no longer be voluntarily prepaid.