Rapid Nutrition PLC announced a private placement of convertible notes of $1,000,000 on January 27, 2021. The company has entered into an agreement with the investor. The transaction will involve participation from Nice & Green SA. The convertible notes have a 12-month conversion period. The investor will invest the amount in four tranches over a period of 24 months. The conversion price is determined by a reference to the lowest daily volume weighted average price for a share on market during the six trading days immediately preceding the conversion.