NaaS Technology Raises $30M Via Debt Offering
Portfolio Pulse from Shivani Kumaresan
NaaS Technology Inc has raised $30M through a convertible note purchase agreement with LMR Partners Limited. The note, which has a 363-day term, is convertible into American depositary shares. The parties also entered into a derivative arrangement regarding the ADS. NaaS shares closed 6.10% higher at $5.39 on Thursday.
June 30, 2023 | 11:24 am
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NaaS Technology has raised $30M through a convertible note purchase agreement, potentially strengthening its financial position. The company's stock closed 6.10% higher.
The successful raising of $30M through a convertible note purchase agreement indicates investor confidence in NaaS Technology and could strengthen its financial position. This news, coupled with the 6.10% increase in the company's stock price, suggests a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100