Enablence Technologies Closes C$11 Million Private Placement of Convertible Debentures and Restructures Existing Loan Facility
Enablence Technologies Closes C$11 Million Private Placement of Convertible Debentures and Restructures Existing Loan Facility
Ottawa, Ontario--(Newsfile Corp. - June 27, 2023) - Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading supplier of photonics semiconductors, is pleased to announce the closing of its previously-announced private placement of C$11 million of unsecured convertible debentures of the Company (the "Convertible Debentures") with Pinnacle Island LP (the "Private Placement") and amemdment to its existing term loan facility dated December 31, 2021 (the "Second Amended and Restated Loan Agreement") with Vortex ENA LP. Additional details of the Private Placement and the Second Amended and Restated Loan Agreement are included in Enablence's news release dated June 26, 2023 and entitled "Enablence Technologies Announces C$11 Million Private Placement of Convertible Debentures and Restructuring Of Loan Facility", a copy of which is available on SEDAR () under Enablence's issue profile.
渥太華，安大略省-(Newsfile Corp.-2023年6月27日)-Enablence Technologies Inc.(TSXV：ENA)(“增強能力“或”公司)，一家領先的光電子半導體供應商，高興地宣佈完成其先前宣佈的私募1,100萬加元的公司無擔保可轉換債券(可轉換債券“)與頂峰島LP(The”私募)，並於2021年12月31日對其現有定期貸款安排(第二次修訂和重新簽署的貸款協定“)與Vortex ENA LP。私募和第二次修訂和重新簽署的貸款協定的更多細節包含在Enablence於2023年6月26日發佈的新聞稿中，標題為Enablence Technologies宣佈私募1100萬加元的可轉換債券和重組貸款安排，其副本可在SEDAR()上的Enablence的問題簡介下找到。
Private Placement of Convertible Debentures
可轉換債券的私募發行
The Company issued C$11 million of Convertible Debentures to Pinnacle Island LP under the Private Placement that closed earlier today. Each Convertible Debenture is convertible into common shares of the Company (each, a "Common Share") at a conversion price of C$2.00 per Common Share (which is a premium to the current market price of the Common Shares) and has a maturity date of June 30, 2027. The Convertible Debentures bear interest at the rate of of 7.5% per annum, payable semi-annually on December 31 and June 30 of each calendar year, other than the initial interest payment, which is payable on April 1, 2024.
根據今天早些時候結束的私募，該公司向Pinnacle Island LP發行了1100萬加元的可轉換債券。每份可轉換債券均可轉換為本公司的普通股(每股為普通股“)，換股價格為每股普通股2.00加元(較普通股當前市價有溢價)，到期日為2027年6月30日。可轉換債券的利息年利率為7.5%，每半年支付一次，於每個日曆年的12月31日和6月30日支付一次，初始利息支付將於2024年4月1日支付。
Paradigm Capital Inc. will receive a 4.5% debt financing fee on the gross proceeds of the Private Placement (being $495,000 on the $11,000,000 of Convertible Debentures being purchased by Pinnacle Island LP).
範式資本公司將從私募的總收益中獲得4.5%的債務融資費(頂峰島有限責任公司正在購買的11,000,000美元可轉換債券中的495,000美元)。
Second Amended and Restated Loan Agreement
第二次修訂和重新簽署的貸款協定
The Company also entered into the Second Amended and Restated Loan Agreement with Vortex ENA LP earlier today concurrent with the closing of the Private Placement. As consideration for entering into the Second Amended and Restated Loan Agreement, the Company will issue 575,000 common share purchase warrants of the Company ("Bonus Warrants") to Vortex ENA LP, with each Bonus Warrant entitling Vortex ENA LP to acquire one Common Share at a price of C$2.00 for a period of three years from the date of issuance.
今天早些時候，在私募結束的同時，本公司還與Vortex ENA LP簽訂了第二份經修訂和重新簽署的貸款協定。作為訂立第二份經修訂及重訂貸款協定的代價，本公司將發行575,000份本公司普通股認購權證(“紅利認股權證“)向Vortex ENA LP出售，每份紅股權證賦予Vortex ENA LP以2.00加元的價格收購一股普通股，為期三年，自發行之日起計。
The Second Amended and Restated Loan Agreement and the Private Placement are subject to the final approval of the TSX Venture Exchange.
第二份經修訂及重訂的貸款協定及定向增發須經多倫多證券交易所創業板最終批准。
About Enablence Technologies Inc.
關於Enablence Technologies Inc.
Enablence is a publicly traded company listed on the TSX Venture Exchange (TSXV: ENA) that designs, manufactures, and sells optical components, primarily in the form of planar light wave circuits (PLC), on silicon-based chips. Enablence products serve a global customer base, primarily focused today on data centre and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers.
Enablence是一家在多倫多證券交易所創業板(多倫多證券交易所股票代碼：ENA)上市的上市公司，在硅基晶片上設計、製造和銷售光學元件，主要是平面光波電路(PLC)。Enablence產品服務於全球客戶群，目前主要專注於數據中心和其他快速增長的終端市場。Enablence還與其技術在新興市場使用的客戶合作，包括醫療設備、汽車雷射雷達以及虛擬和增強現實耳機。在特定的戰略環境中，該公司還利用其位於加利福尼亞州弗裡蒙特的專有非專屬製造廠來製造由第三方客戶設計的晶片。
For more information contact:
如需更多資訊，請聯繫：
T. Paul Rowland, CFO
Enablence Technologies Inc.
Tel: (613) 656-2850
Email: paul.rowland@enablence.com
首席財務官T·保羅·羅蘭
Enablence Technologies Inc.
電話：(613)656-2850
電子郵件：paul.rowland@enablence.com
Todd Haugen, CEO
Enablence Technologies Inc.
Tel: (510) 226-8900
Email: todd.haugen@enablence.com
託德·豪根，首席執行官
Enablence Technologies Inc.
電話：(510)226-8900
電子郵件：todd.haugen@enablence.com
Ali Mahdavi, Capital Markets & Investor Relations
Tel: (416) 962-3300
Email: ali.mahdavi@spinnakercmi.com
Ali·馬赫達維，資本市場與投資者關係
電話：(416)962-3300
電子郵件：ali.mahdavi@spinnakercmi.com
Cautionary Note Regarding Forward-Looking Information
關於前瞻性資訊的注意事項
This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In particular, this news release contains forward-looking statements pertaining to the conversion of the Convertible Debentures into Common Shares; the maturity date of the Convertible Debentures; and the interest payments of the Convertible Debentures; the receipt of final stock exchange approvals and waiver; use of proceeds; the ability of the Company to repay the Second Amended and Restated Loan Agreement; and other statements regarding the business and operations of Enablence. By their nature, forward-looking statements require us to make assumptions, which are based on current expectations, that involve several risks and uncertainties (known and unknown) which could cause actual results to differ from those anticipated. These risks include, but are not limited to risks relating to general market conditions; the Company failing to obtain final stock exchange approval of the Private Placement or the Second Amended and Restated Loan Agreement; and the use of proceeds of the Private Placement. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR () under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
本新聞稿包含基於管理層當前預期和假設的有關公司的前瞻性陳述，這些前瞻性陳述涉及與我們的業務和業務運營所處的經濟環境相關的已知和未知的風險和不確定性。根據適用的加拿大證券法，所有這些陳述都是前瞻性陳述。本文中包含的任何非歷史事實的陳述均可被視為前瞻性陳述。特別是，本新聞稿包含有關可轉換債券轉換為普通股的前瞻性陳述；可轉換債券的到期日；可轉換債券的利息支付；收到最終的證券交易所批准和豁免；收益的使用；公司償還第二次修訂和重新簽署的貸款協定的能力；以及有關Enablence業務和運營的其他陳述。就其性質而言，前瞻性陳述要求我們在當前預期的基礎上做出假設，這些假設涉及幾個風險和不確定性(已知和未知)，可能導致實際結果與預期的結果不同。該等風險包括但不限於與一般市況有關的風險；本公司未能取得證券交易所對私募或第二次修訂及重訂貸款協定的最終批准；以及私募所得款項的使用。儘管公司相信本新聞稿中包含的前瞻性陳述中反映的預期以及做出這些前瞻性陳述所依據的假設是合理的，但不能保證這些預期將被證明是正確的。我們告誡本新聞稿的讀者不要過度依賴我們的前瞻性陳述，因為許多因素可能會導致實際結果或情況與當前的預期大不相同。有關這些和其他可能影響公司運營的因素的更多資訊，載於公司的持續披露檔案，這些檔案可在SEDAR()在Enablence的發行人檔案下。Enablence不打算、也不承擔任何義務，除非法律要求，否則無論是由於新資訊、未來事件或其他原因，Enablence都不會更新或修改任何前瞻性陳述。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。任何證券交易所、證券委員會或其他監管機構均未批准或不批准本報告所載資訊。
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