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Nitro Games and Nordisk Games have agreed to amend the terms of the convertible loan announced on 31 August 2022.
The Board of Directors of Nitro Games Oyj (publ) ("Nitro Games" or the "Company") has resolved, based on the authorization received from the Extraordinary General Meeting held on 22 September 2022 (the "EGM"), to amend the terms of the convertible loan agreement of 2 million EUR with Nordisk Games A/S ("Nordisk Games") by updating the maturity and repayment terms.
The convertible loan originally had a 24-month maturity and a 0 percent annual interest rate. With this amendment, The Company and Nordisk Games have now agreed that the Company will pay back the loan with monthly payments, starting April 2024 and ending April 2025, with a 0 percent annual interest rate.
Other information related to the convertible loan was published on 31 August 2022 in a company announcement: https://www.nitrogames.com/press-release/nordisk-games-invests-2-million-eur-into-nitro-games/