GiG Software enters EUR 6 million 2-year convertible loan agreements at 15% interest

Reuters2026/08/26 05:45

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GiG Software entered 2-year convertible loan agreements raising EUR 6 million, part of a combined EUR 8.5 million financing package.
Loans carry 15% annual interest, payable semi-annually; principal repaid at maturity.
Up to 25% of principal can convert into SDRs every six months at a 10% discount to 10-day VWAP.
Conversion price is not yet set, leaving potential dilution from conversions unquantified.
Proceeds earmarked for the initial payment on the planned acquisition of 80% of 888 Africa Limited, then general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GIG Software plc published the original content used to generate this news brief via Cision (Ref. ID: 202608260145BITN____UKPR__EN_20260825-BIT-2154-0) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GiG Software enters EUR 6 million 2-year convertible loan agreements at 15% interest

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