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Vividthree Holdings Ltd. ( (SG:OMK) ) just unveiled an announcement.
Vividthree Holdings has signed a binding term sheet with Seychelles-based China Music International Limited for a S$1 million issue of unlisted, interest-bearing, unsecured, redeemable convertible bonds priced at par. The investor, a diversified IP-focused investment firm with no prior stake or connection to Vividthree, was sourced through the company’s network and is participating purely for investment purposes.
The bonds carry a 2% annual coupon, a 24-month maturity and a conversion price of S$0.0165 per share, representing an 83.3% premium to the recent VWAP, with anti-dilution protections and mandatory conversion if the share price trades at or above the conversion level for five consecutive days. On full conversion of principal and accrued interest, up to about 63 million new shares may be issued, potentially strengthening Vividthree’s balance sheet and aligning it with a strategic investor in music and film IP without incurring placement fees or using a prospectus under Singapore’s exempt offering regime.
More about Vividthree Holdings Ltd.
Vividthree Holdings Ltd. is a Singapore-incorporated company listed on Catalist, operating through a group structure that focuses on digital content and related media technologies. The Group positions itself in creative and entertainment-linked sectors, engaging partners and investors attracted to intellectual property and content-driven growth opportunities in global markets.
Average Trading Volume: 217,860
Technical Sentiment Signal: Sell
Current Market Cap: S$5.41M
Learn more about OMK stock on TipRanks’ Stock Analysis page.