Netex Knowledge Factory, S.A. announced that it expects to receive €6.5 million in funding from Inveready Asset Management, S.G.E.I.C., S.A.
June 20, 2021
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Netex Knowledge Factory, S.A. (BME:NTX) announced a private placement of convertible bonds for a gross proceeds of up to €6,500,000 on June 21, 2021. The transaction will include participation from returning investor Inveready Asset Management, S.G.E.I.C., S.A. The company has signed a financing agreement with the investor. The bonds carry a coupon rate of 3.5% per annum payable quarterly, while the interest rate to be paid at maturity or at the time of the conversion of the bonds will be 3.49% per annum. The bonds are convertible into shares at any time after 12 months from the subscription of the obligations at a conversion price of €4.75 per share. The bonds will mature on December 31, 2026. The transaction is subject to the approval of its shareholders' meeting scheduled for the second half of June.
Netex Knowledge Factory SA is a Spain-based company engaged in the software industry. The Company focuses on the development and commercialization of solutions that support digital learning in business environment and academic institutions. The Company's offer includes learningCloud and smartED. The learningCloud is a learning platform, which provides user-oriented applications that enable creating digital content, as well as learning through playing and social media, among others. The smartED is a suite of classroom-oriented solutions, such as smartClassroom, smartAuthor, smartInsights and smartFactory, which digitalize the presented content. The Company operates through offices and partners in Europe, the Americas, Asia and Australia.
NETEX KNOWLEDGE FACTORY, S.A. 
