Nice & Green invests CHF 12 m in Evolva Holding: the advisor
Nice & Green and Evolva Holding announced an additional investment of N&G in Evolva of up to CHF 12 m. The investment is made on the basis of an equity-linked debt instrument issued by Evolva consisting of convertible notes issued in up to four tranches to be drawn over twelve months against issuance of convertible notes. The convertible notes are mandatorily convertible into equity at the discretion of N&G within a period of 12 months after their issuance, with a conversion rate of 95% of the lowest volume-weighted average price during the six trading days preceding the conversion date.
