The French company Capital B successfully issued 1 million private shares, raising approximately 2.2 million EUR with full participation from Adam Back.
Capital B expects to raise its total Bitcoin holdings to approximately 2,218 after this issuance, while Fulgur Ventures converts 4.76 million convertible bonds into 8.75 million common shares.
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Capital B issued 1 million private shares at approximately 2.24 EUR/share.
Adam Back purchased all the issued shares, contributing approximately 2.2 million EUR.
Fulgur Ventures converted 4.76 million bonds into 8.75 million common shares.
How did Capital B raise funds in the recent share issuance?
Capital B successfully executed a private placement of 1 million shares at an average price of 2.24 EUR/share, raising approximately 2.2 million EUR. All of these shares were purchased by Adam Back, demonstrating a strong commitment from this key investor.
This fundraising helps Capital B strengthen its financial capacity for business operations, especially prioritizing the purchase of additional Bitcoin – the company's strategic asset during this phase.
What role does Adam Back play in Capital B's share issuance?
Adam Back was the sole participant in purchasing the entire issuance of 1 million shares, helping Capital B raise 2.2 million EUR, demonstrating strong trust and support for the company's strategy.
Mr. Back, as an experienced investor, purchasing these shares strengthens confidence in Capital B's strategy to expand its Bitcoin portfolio.
Capital B is strengthening its market position by expanding its Bitcoin holdings, combining funds from share issuance to increase investment power.
Statement from the issuance report, August 2023
How much Bitcoin does Capital B expect to hold after this issuance?
The company plans to generate an additional approximately 17 Bitcoin from the raised capital, increasing the total potential Bitcoin amount to 2,218, thereby significantly expanding its digital asset portfolio.
The increase in Bitcoin holdings reflects Capital B's strategy to enhance its engagement in the cryptocurrency market, leveraging long-term growth opportunities in this asset.
How did Fulgur Ventures carry out the bond conversion?
Fulgur Ventures converted 4,760,000 OCA B-01 convertible bonds into 8,750,000 common shares, increasing equity for Capital B while expanding ownership rights.
This move helps Fulgur Ventures increase its influence in the shareholder structure, thereby synchronizing investment strategy with the company in subsequent development steps.
How does the bond conversion structure into shares affect Capital B?
The conversion helps increase Capital B's equity and financial resources, facilitating the company in undertaking investment projects, including expanding its Bitcoin portfolio.
This structure enhances financial flexibility and improves relationships with existing investors like Fulgur Ventures, strengthening credibility and sustainable development capacity.
What are the strategic impacts of the share issuance and bond conversion on Capital B?
The successful issuance and conversion help Capital B increase its capital, expand Bitcoin holdings, and reinforce support from major investors like Adam Back and Fulgur Ventures.
These steps demonstrate clarity in the development strategy, improving the position in the stock and cryptocurrency markets, and increasing long-term shareholder value.
Frequently Asked Questions
How much did Capital B issue shares for?
Capital B issued 1 million private shares at approximately 2.24 EUR/share.
Who purchased the entire number of issued shares?
Adam Back subscribed to purchase the entire 1 million shares in this issuance.
How much does Capital B expect to increase its Bitcoin holdings?
The company aims for a total of approximately 2,218 Bitcoin after the issuance and additional Bitcoin purchases.
What did Fulgur Ventures convert in this issuance?
Fulgur Ventures converted 4,760,000 convertible bonds into 8,750,000 common shares.
How does the share issuance and conversion impact Capital B?
Helps increase capital, expand Bitcoin assets, and strengthen relationships with strategic investors.
Source: https://tintucbitcoin.com/capital-b-goi-von-22-trieu-euro/
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