By Josh White
Date: Friday 07 Jul 2023
LONDON (ShareCast) - (Sharecast News) - Quantum Blockchain Technologies announced on Friday that it has received a conversion notice from MC Strategies pertaining to its zero-coupon bond.
The AIM-traded firm said the bond, which it originally announced on 9 November 2020, allows MC Strategies to convert €1m of the bond into new shares in Quantum Blockchain at a conversion price of 1p apiece.
It said the notice from MC Strategies signalled its intent to convert €1m of the bond, resulting in the issue of new shares to the company.
"As a result, the company has issued and allotted 89,000,000 new shares," the Quantum Blockchain board said in its statement.
"Following the conversion, the face value of the remaining bond has decreased to €2,493,575."
At 1258 BST, shares in Quantum Blockchain Technologies were down 4.85% at 1.45p.
Reporting by Josh White for Sharecast.com.
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| Currency | UK Pounds |
| Share Price | 0.67p |
| Change Today | 0.008p |
| % Change | -1.23 % |
| 52 Week High | 1.84p |
| 52 Week Low | 0.60p |
| Volume | 71,852 |
| Shares Issued | 1,465.23m |
| Market Cap | £9.77m |
| Value |
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| Price Trend |
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| Income | ![]() |
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| Growth |
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| No dividends found |
| Time | Volume / Share Price |
| 08:03 | 1,852 @ 0.66p |
| 08:00 | 70,000 @ 0.66p |
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