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coinIX GmbH & Co. KGaA opts for a cash capital increase.
Hamburg, August 23, 2022 - Today, the personally liable partner of coinIX GmbH & Co. KGaA, a venture capital firm specializing in digital assets and blockchain technology investments, has decided, with the Supervisory Board's approval, to bolster the share capital by leveraging the authorized capital established during last year's Annual General Meeting through a cash capital increase, excluding shareholders' subscription rights.
As part of this initiative, the company plans to issue up to 287,049 new no-par value bearer shares, each with a proportional share in the share capital of EUR 1.00, potentially boosting the share capital by up to 10% from EUR 2,870,496.00 to a maximum of EUR 3,157,545.00.
These New Shares, eligible for profit participation from January 1, 2022, will be made available to investors through a private placement at a rate of EUR 2.70 per New Share. With anticipated gross proceeds of up to EUR 775 thousand, the company aims to capitalize on the notably reduced valuations in blockchain companies and projects, thereby expanding its investment portfolio.
About coinIX
coinIX GmbH & Co KGaA, based in Hamburg, is a listed #Investmentcompany and has been investing in the broad spectrum of blockchain innovation since 2017. This includes the next level of digitalization in traditional industries, as well as new fields such as Decentralized #Finance(#DeFi). For this purpose, #coinIX invests in #equity of startups, early #tokenprojects and liquid #cryptocurrencies. It offers a listed share that is traded on the open market of the Düsseldorf #Stock#Exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: XCX).