Prismi SpA (BIT:PRM) announced a private placement of 350 convertible bonds at a price of €10,000 per bond for gross proceeds of €3,500,000 on July 11, 2017. The transaction will involve participation from Atlas Capital Markets Limited, and Atlas special opportunities LLC. The transaction will be completed in ten tranches comprising of 35 bonds in each tranche. The bonds will be issued at par and will carry a coupon of 1% per annum. The transaction has been approved by the board of directors of the company.