PRNEWS OÜ

Investors will be offered to fund in bonds of the Estonian adtech startup PRNEWS.IO - it is planned to raise € 2 million

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<div>The startup helps businesses get media coverage and helps news sites publishers earn rewards after publishing sponsored content.</div> <p>The funds raised will be used for general corporate purposes associated with the expansion to the global market.</p> <p>he total volume of the issue will be EUR 2 million and is split into convertible secured priority bonds with a par value of EUR 1,000.</p> <p>The expected coupon rate is 12% per annum, with bond payments to be made semi-annually. The  bond buy back period is 24 months due in September 2022.</p> <p>The securities issue will be carried out by PRNEWS OU, registered in Estonia, and the bond issue is secured by the company's shares estimated at EUR 15 million. The company’s capital is registered at the Nasdaq CSD.</p> <p>Information about the issue is available after registration on the <a href="https://investors.prnews.io/">investment portal of the company</a>.</p> <p>Now the company has 3 offices - in Estonia, Ukraine and Russia.</p> <p>In March 2020, the company has become a marketing and sales service provider for the Estonian state digital identity program e-Residency.</p>

PRNEWS OÜ

Maakri tn 19/2,
Tallinn 10145,
Estonia

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