Tecnotree Converts Debentures into Shares
Tecnotree Corporation has approved a share issuance based on the conversion of the company's issued convertible debentures. One debenture was converted into 15,580 new shares.
Tecnotree Corporation approved a share issuance on September 4, 2026, based on the conversion of its issued compulsory convertible debentures. The company's Board of Directors decided to accept the share subscription following receipt of a conversion notice for one debenture issued on June 22, 2023.
The lender of the compulsory convertible debenture subscribed for a total of 15,580 new shares in the company by exercising the special right issued in connection with the debenture. This action is part of the company's financing arrangements and the conversion of debt into equity.
The completion of the share issuance is subject to registration with the trade register. Tecnotree Corporation is a provider of telecommunication services and technologies, with its shares traded on Nasdaq Helsinki.