Nuvini CEO Pierre Schurmann commits $6M of personal capital

Nuvini (NVNI) Group CEO Pierre Schurmann has entered into a binding investment agreement to invest $6M of personal capital in the Company through a direct private placement of equity securities, subject to closing conditions. Under the terms of the agreement, Xurmann Investments Ltd, an investment vehicle wholly-owned by Mr. Schurmann, will acquire 1,500,000 ordinary shares at $4.00 per share, along with five-year warrants to purchase 300,000 additional shares at an exercise price of $25.00 per share. If the warrants are fully exercised, they would generate an additional $7.5 million in proceeds for the Company. Following the closing, the Company will have 11,533,802 ordinary shares outstanding. The proceeds will be deployed for debt repayment and to support Nuvini as the Company executes on its acquisition strategy.