Debt - to - equity conversion

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Prosafe SE: SHAREHOLDING DISCLOSURE
Globenewswire· 2025-07-21 07:56
Core Viewpoint - Prosafe SE has completed a Debt Conversion process, converting part of its debt into equity, which will affect the ownership structure of the company [1][2]. Group 1: Debt Conversion Details - The Debt Conversion was announced on 24 April 2025 and has now been completed as of 21 July 2025 [1]. - The total number of issued and outstanding shares in the company at the time of completion is 339,504,369 [2]. Group 2: Shareholder Changes Post-Debt Conversion - Acasta Global Master Fund will own 21,555,640 shares, approximately 6.35% of the outstanding shares, crossing the 5% disclosure threshold [3]. - BlueBay Destra and BlueBay Event will collectively own 41,251,716 shares, representing approximately 12.15%, crossing the 10% disclosure threshold; BlueBay Destra holds 22,688,444 shares (6.68%) and BlueBay Event holds 18,563,272 shares (5.47%) [3]. - Caius Capital Master Fund, Star V Partners LLC, and LMA-SPC MAP 204 Segregated Portfolio will collectively own 57,452,631 shares, approximately 16.92%, crossing the 15% disclosure threshold; Caius holds 50,274,435 shares (14.81%), Star V holds 5,788,560 shares (1.71%), and LSP holds 1,389,636 shares (0.41%) [3]. - The Export-Import Bank of China will own 42,850,422 shares, approximately 12.62%, crossing the 10% disclosure threshold [3]. - DNB Bank ASA will own 47,576,613 shares (including 30,233 borrowed shares), representing approximately 14.01%, crossing the 10% disclosure threshold [3]. - SpareBank 1 Sør-Norge ASA will own 17,786,952 shares, approximately 5.24%, crossing the 5% disclosure threshold [3].
ScanTech AI Eliminates $30M in Legacy Debt with Equity Restricted Shares, Strengthening Balance Sheet and Protecting Stockholder Value
Globenewswire· 2025-05-08 13:15
Core Viewpoint - ScanTech AI Systems Inc. has successfully completed a $30 million debt-to-equity restructuring, converting debt into approximately 15 million shares of common stock, which is expected to strengthen the company's balance sheet and support its strategic growth initiatives [1][2]. Financial Restructuring - The debt-to-equity conversion is seen as a critical step in enhancing the company's capital structure, reflecting key stakeholders' commitment and confidence in the company's technology and long-term vision [2]. - This restructuring aims to improve financial agility, attract long-term institutional investors, and accelerate the execution of the company's growth strategy [2]. Strategic Focus - The CEO of ScanTech AI emphasized the importance of building a strong financial foundation to support rapid expansion and deliver long-term value to shareholders [3]. - The company is focused on expanding its influence and commercial readiness through ongoing strategic initiatives, including partnerships and the introduction of new technology platforms [4]. Technology and Market Position - ScanTech AI's fixed-gantry CT scanner technology is gaining traction, particularly in high-security environments such as nuclear power facilities [4]. - The company believes its differentiated platform offers unmatched threat detection, operational efficiency, and reduced total cost of ownership, positioning it to capture significant market share in the global security technology sector [5][6].