Friday, August 29, 2025
  • About Web3Wire
  • Web3Wire NFTs
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Media Network
  • RSS Feed
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
  • Home
  • Web3
    • Latest
    • AI
    • Business
    • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Metaverse
    • Non-Fungible Token
    • Press Release
  • Technology
    • Consumer Tech
    • Digital Fashion
    • Editor’s Choice
    • Guides
    • Stories
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • News
    • Latest Crypto News
    • Latest DeFi News
    • Latest Web3 News
No Result
View All Result
Web3Wire
No Result
View All Result
Home Press Release GlobeNewswire

Digitalist Group Plc restructures its financing, directed convertible capital bonds to Turret Oy Ab and Holdix Oy Ab

June 30, 2025
in GlobeNewswire, Web3
Reading Time: 6 mins read
5
SHARES
245
VIEWS
Share on TwitterShare on LinkedInShare on Facebook

Digitalist Group Oyj               Inside information        30 June 2025 at 09:00

Digitalist Group Plc restructures its financing, directed convertible capital bonds to Turret Oy Ab and Holdix Oy Ab

Loan from Turret Oy Ab

Digitalist Group Plc (“Digitalist Group” or the “Company”) has agreed with Turret Oy Ab (“Turret”) on a loan of EUR 800,000 (the “Loan”) to strengthen the Company’s working capital. The Company has the right to draw down the Loan in instalments by 31 December 2025. The loan has been agreed on market terms and it is due for repayment on 31 December 2026.

Turret is the largest shareholder of Digitalist Group.

In accordance with the provisions of the Finnish Limited Liability Companies Act concerning related party transactions, the members of the Board of Directors of Digitalist Group, Paul Ehrnrooth and Peter Eriksson, have not participated in the decision-making related to the Loan.

Convertible Bond 2025/1 to Turret Oy Ab

The Board of Directors of Digitalist Group resolved, based on the authorization granted by the Annual General Meeting on 29 May 2025, to deviate from the shareholders’ pre-emptive subscription rights and to direct a convertible capital loan pursuant to Chapter 12 of the Finnish Limited Liability Companies Act (the “Convertible Bond 2025/1”) to Turret, together with the special rights entitling to shares as referred to in Chapter 10, Section 1, Subsection 2 of the Finnish Limited Liability Companies Act (the “Special Rights”), to be subscribed by Turret in accordance with the terms and conditions of the loan agreement (the “Terms”).

The Convertible Bond 2025/1 and the related Special Rights are issued in order to strengthen the Company’s equity, which means that there is a weighty financial reason for the deviation from the pre-emptive right of the shareholders as set out in the Finnish Limited Liability Companies Act.

The main points of the Convertible Bond 2025/1 and the Special Rights Terms attached thereto are as follows:

  • the principal amount is EUR 2,617,363.41;
  • the principal amount is subject to an annual interest rate of 6%;
  • The maximum number of new shares in Digitalist Group to be issued on the basis of the conversion right attached to Convertible Bond 2025/1 is 237,942,126 shares;
  • The Convertible Bond 2025/1 is divided into four (4) notes with a nominal amount of EUR 500,000 and one (1) note with a nominal amount of EUR 617,363.41;
  • The exchange price of the share (which refers to the share subscription price per share in accordance with the Finnish Limited Liability Companies Act) during the six (6) months preceding the submission of the Conversion Notification as defined in section 13 of the terms and conditions of the Convertible Bond 2025/1 shall be the trade-weighted average price of the Company’s share on the Helsinki Stock Exchange of Nasdaq Ltd during the six (6) months, provided that each note 1-4, may be exchanged for a maximum of 45,454,545 new shares in the Company and note 5 may be exchanged a maximum of 56,123,946 new shares in the Company. The exchange price of the share will be adjusted in accordance with sections 15 and 16 of the Terms and Conditions of the Convertible Bond 2025/1;
  • The loan period is 30 June 2025 – 30 September 2026 and the Convertible Bond 2025/1 with interest will be repaid in one instalment on 30 September 2026.

In accordance with the Terms and Conditions of the Convertible Bond 2025/1, Turret has paid the subscription price of the bond to the Company on 30 June 2025 by setting off the accrued interest from the Company’s Convertible Bonds 2021/1, 2021/3 and 2022/1.

In accordance with the provisions of the Finnish Limited Liability Companies Act concerning related party transactions, the members of the Board of Directors of Digitalist Group, Paul Ehrnrooth and Peter Eriksson, have not participated in the decision-making related to the Convertible Bond 2025/1.

Convertible Bond 2025/2 to Holdix Oy Ab

The Board of Directors of Digitalist Group resolved, based on the authorization granted by the Annual General Meeting on 29 May 2025, to deviate from the shareholders’ pre-emptive subscription rights and to direct a convertible capital loan pursuant to Chapter 12 of the Finnish Limited Liability Companies Act (the “Convertible Bond 2025/2”) to Holdix Oy Ab (“Holdix”), together with the special rights entitling to shares as referred to in Chapter 10, Section 1, Subsection 2 of the Finnish Limited Liability Companies Act (the “Special Rights”), to be subscribed by Holdix in accordance with the terms and conditions of the loan agreement (the “Terms”).

The Convertible Bond 2025/2 and the related Special Rights are issued in order to strengthen the Company’s equity, which means that there is a weighty financial reason for the deviation from the pre-emptive right of the shareholders as set out in the Finnish Limited Liability Companies Act.

The main points of the Convertible Bond 2025/2 and the Special Rights Terms attached to them are as follows:

  • the principal amount is EUR 1,038,352.60;
  • the principal amount is subject to an annual interest rate of 6%;
  • The maximum number of new shares in Digitalist Group to be issued on the basis of the conversion right attached to Convertible Bond 2025/2 is 94,395,690 shares;
  • The Convertible Bond 2025/2 is divided into one (1) note with a nominal amount of EUR 500,000 and one (1) note with a nominal value of EUR 538,352.60;
  • The exchange price of the share (which refers to the subscription price per share in accordance with the Finnish Companies Act) will be the trade-weighted average price of the Company’s share on the Helsinki Stock Exchange of Nasdaq Ltd during the six (6) months preceding the submission of the Exchange Notification as defined in section 13 of the terms and conditions of the Convertible Bond 2025/2, provided that note 1 may be exchanged for a maximum of 45,454,545 new shares in the Company and note 2 may be exchanged for a maximum of 48,941,145 new shares in the Company. The exchange rate of the Share will be adjusted in accordance with sections 15 and 16 of the Terms and Conditions of the Convertible Bond 2025/2;
  • The loan period is 30 June 2025 – 30 September 2026 and the Convertible Bond 2025/2 with interest will be repaid in one instalment on 30 September 2026;

Holdix has paid the subscription price of the Convertible Bond 2025/2 to the Company on 30 June 2025 by setting off the accrued interest from the Company’s Convertible Bonds 2021/2 and 2021/4.

DIGITALIST GROUP OYJ

Board of Directors

Further information:

Digitalist Group Oyj

CEO Magnus Leijonborg
tel. +46 76 315 8422 magnus.leijonborg@digitalistgroup.com

Chairman of the Board Esa Matikainen,
tel. +358 40 506 0080, esa.matikainen@ digitalistgroup.com

Distribution:
Nasdaq Helsinki Ltd
Main media

https://digitalist.global

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
ShareTweet1ShareSendShare2
Previous Post

37/2025・Trifork Group: Weekly report on share buyback

Next Post

Notice of Digitalist Group Plc’s Extraordinary General Meeting

Related Posts

Home AI Butlers Market to See Thriving Worldwide | Amazon Alexa, Google Assistant, Apple Siri, Xiaomi AI

Home AI Butlers Market HTF MI just released the Global Home AI Butlers Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated...

Read moreDetails

AI Wardrobe Stylists Market Hits New High | Myntra, Farfetch, Amazon, H&M

AI Wardrobe Stylists Market HTF MI just released the Global AI Wardrobe Stylists Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated...

Read moreDetails

AI Co-Designed Fashion Market Hits New High | H&M, Prada, Gucci, Uniqlo

AI Co-Designed Fashion Market HTF MI just released the Global AI Co-Designed Fashion Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated...

Read moreDetails

Mastercard and Infosys Collaborate to Scale Cross-border Payments

Strategic collaboration will streamline onboarding for financial institutions and strengthen access to Mastercard Move, Mastercard's portfolio of money movement capabilities BENGALURU, India, Aug. 28, 2025 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next generation digital services and consulting, announced a strategic collaboration with Mastercard to offer financial...

Read moreDetails

Free Mark Cuban Foundation AI Bootcamp Coming to Tempe This Fall

TEMPE, Ariz., Aug. 28, 2025 (GLOBE NEWSWIRE) -- The Mark Cuban Foundation, in partnership with DriveTime, will host a no-cost Artificial Intelligence Bootcamp for high school students in Tempe this fall. The program is open to students in grades 9–12 and will take place over three consecutive Saturdays – November...

Read moreDetails

Swift Navigation and Lightbug Partner to Deliver Centimeter-Level Positioning for Worker Safety and Asset Tracking

SAN FRANCISCO and LONDON, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Swift Navigation, a provider of precise positioning solutions for automotive, industrial, and consumer applications, and Lightbug, a leading provider of GPS trackers and IoT devices, today announced a strategic partnership to enhance worker safety and asset tracking in critical industries....

Read moreDetails

Orezone Gold Reports Trade Halt

VANCOUVER, British Columbia, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE | ASX: ORE | OTCQX: ORZCF) (“Orezone” or “Company”) provides clarification on its recent trading halt. The trading halt was requested pending the release of a further announcement from the Company in response to the trading...

Read moreDetails

FY Energy Announces Launch of Encrypted Green Cloud Computing Services

New York City, NY, Aug. 28, 2025 (GLOBE NEWSWIRE) --  FY Energy, a world-leading integrated cloud computing service provider, today announced the launch of its new suite of encrypted green cloud computing solutions. By leveraging renewable energy sources and advanced encryption technology, FY Energy aims to provide sustainable and secure...

Read moreDetails

Vital Smart Glasses 2025: AI-Powered Glasses Redefine Vision and Wearable for Focus

New York City, NY, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Vital Smart Glasses enter the market as a forward-thinking innovation designed to redefine how individuals interact with technology in their daily lives. Built with the integration of advanced AI-powered functions, precision optics, and a sleek design, these smart glasses represent...

Read moreDetails

EnsembleIQ’s 2026 Product of the Year Canada Announces Call for Entries

Entry Deadline September 30, 2025 at http://www.productoftheyear.ca TORONTO, Aug. 28, 2025 (GLOBE NEWSWIRE) -- EnsembleIQ’s Product of the Year is the world’s largest globally recognized, consumer-voted award for product innovation. Voted on by over 4,000 Canadian consumers, winners receive the iconic red seal, a detailed consumer research report, and access...

Read moreDetails
Web3Wire NFTs - The Web3 Collective

Web3Wire, $W3W Token and .w3w tld Whitepaper

Web3Wire, $W3W Token and .w3w tld Whitepaper

Claim your space in Web3 with .w3w Domain!

Web3Wire

Trending on Web3Wire

  • Top 5 Wallets for Seamless Multi-Chain Trading in 2025

    50 shares
    Share 20 Tweet 13
  • Unifying Blockchain Ecosystems: 2024 Guide to Cross-Chain Interoperability

    97 shares
    Share 39 Tweet 24
  • Top Cross-Chain DeFi Solutions to Watch by 2025

    53 shares
    Share 21 Tweet 13
  • Discover 2025’s Top 5 Promising Low-Cap Crypto Gems

    71 shares
    Share 28 Tweet 18
  • Discover the Best Metaverse Crypto Projects and Virtual Worlds 2025

    46 shares
    Share 18 Tweet 12
Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Upcoming Events

Web 3.0 and AI Summit 2025

2025-09-11
Frankfurt
Summit

Latest on Web3Wire

  • XRP Approaches a Critical Breakthrough Point, BAYMiner Announces Strategy to Expand Digital Financial Accessibility
  • EES Shipping Launches Free Global Tariffs & Rules Lookup Tool
  • Home AI Butlers Market to See Thriving Worldwide | Amazon Alexa, Google Assistant, Apple Siri, Xiaomi AI
  • AI Wardrobe Stylists Market Hits New High | Myntra, Farfetch, Amazon, H&M
  • AI Co-Designed Fashion Market Hits New High | H&M, Prada, Gucci, Uniqlo

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Web3Wire is your go-to source for the latest insights and updates in Web3, Metaverse, Blockchain, AI, Cryptocurrencies, DeFi, NFTs, and Gaming. We provide comprehensive coverage through news, press releases, event updates, and research articles, keeping you informed about the rapidly evolving digital world.

  • About Web3Wire
  • Web3Wire NFTs – The Web3 Collective
  • .w3w TLD
  • $W3W Token
  • Web3Wire DAO
  • Event Partners
  • Community Partners
  • Our Media Network
  • Media Kit
  • RSS Feeds
  • Contact Us

Whitepaper | Tokenomics

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap
  • Crypto Coins Heatmap

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks

Media Portfolio: Block3Wire | Meta3Wire

Web3 Resources

  • Top Web3 and Crypto Youtube Channels
  • Latest Crypto News
  • Latest DeFi News
  • Latest Web3 News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses
Claim your space in Web3 with .w3w!
Top 50 Web3 Blogs and Websites
Web3Wire Podcast on Spotify Web3Wire Podcast on Amazon Music 
Web3Wire - Web3 and Blockchain - News, Events and Press Releases | Product Hunt
Web3Wire on Google News
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2024 Web3Wire. We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.