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NAGA Seeks to Raise $8.2M in Convertible Bond
After posting a 36% drop in first quarter 2023 revenue, NAGA Group, the German-based fintech company that operates the neo-broker, NAGA, is now seeking to raise $8.2 million from a convertible bond offering. The offering excludes the statutory subscription rights of the Frankfurt Stock Exchange-listed company’s shareholders.NAGA Seeks New FundingThe company, which also operates neo-banking app NAGA Pay and cryptocurrency platform NAGAX, announced the new move on Saturday. According to a stateme...
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Posted: Apr 17 2023, 13:09
Author Name: financemagnates
Views: 110648