EV Charge Holding Ltd., a UK-based electric charging solutions company based at 20-22 Wenlock Road, London, England (N1 7GU), announced that it has signed an agreement with GEM Global Yield LLC SCS (GEM), the Luxembourg-based non-traditional private investment group, which provides that it has been signed within three years of the date of listing of the company`s ordinary shares on an international stock exchange. Accredited. EV Charge will use these funds for the implementation of the electric vehicle charging infrastructure. The initial amount of €15 million will take the form of an investment commitment enabling EV Charge to raise funds over the three-year period by issuing ordinary shares to GEM (or to persons or entities announcing it) in accordance with outstanding equity loan agreements. EV Charge is dedicated to the development of charging infrastructure for electric vehicles. Electric charging stations will help reduce costs and pollution. Global Emerging Markets (GEM) is a non-traditional investment group based in Paris, New York and Los Angeles. GEM manages a large number of investment vehicles that focus on emerging economies and offer the Group and its investors a diverse portfolio of asset classes covering the global private equity spectrum. Each investment vehicle has a different level of operational control, a risk-adjusted return and liquidity profile. The family of investment funds and vehicles offers GEM and its partners a commitment to small and mid-sized executive buyouts, off-market investments in listed companies (PIPEs) and investments. targeted venture capital. EV Lot determines the date and maximum amount of each payment under this function and has no minimum withdrawal obligation. Alongside the listing of its shares on the stock exchange, the company will issue warrants to GEM, allowing it to acquire up to ten percent (10%) of its outstanding common shares on a fully diluted basis.
The purchase price of the warrants per share corresponds to the closing price of the shares on the first trading day following the listing of the shares on the stock exchange. . . .