Concorde swaps US $1M Softbank note for shares
Concorde International Group Ltd reports that Softbank Robotics Singapore Pte Ltd has converted its US $1,000,000.00 convertible note, plus US $36,328.69 of accrued but unpaid interest, into Class A Ordinary Shares of the company.
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Rhea-AI Filing Summary
Concorde International Group Ltd reports that Softbank Robotics Singapore Pte Ltd has converted its US $1,000,000.00 convertible note, plus US $36,328.69 of accrued but unpaid interest, into Class A Ordinary Shares of the company.
On September 12, 2025, Softbank submitted a conversion notice to exchange the full loan principal and accrued interest for 259,082 Class A Ordinary Shares at a conversion price of US $4.00 per share. This transaction fully discharges the loan and related interest and replaces that debt with additional equity in the form of new Class A Ordinary Shares.
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