NaaS Tech Signs Convertible Note Exchange Deal
Ticker: NAAS · Form: 6-K · Filed: Oct 4, 2024 · CIK: 1712178
Sentiment: neutral
Topics: debt-exchange, convertible-notes, financing
TL;DR
NaaS Tech is swapping convertible notes with LMR Multi-Strategy Master Fund.
AI Summary
NaaS Technology Inc. announced on October 4, 2024, that it entered into a Convertible Note Exchange Agreement with LMR Multi-Strategy Master Fund Limited. This agreement involves the exchange of convertible notes, though specific dollar amounts and terms are not detailed in this filing.
Why It Matters
This agreement could impact NaaS Technology's debt structure and financial obligations, potentially affecting its future capital raising and operational flexibility.
Risk Assessment
Risk Level: medium — The exchange of convertible notes can introduce complexities and potential dilution, requiring careful monitoring of the agreement's terms and implications.
Key Players & Entities
- NaaS Technology Inc. (company) — Registrant
- LMR Multi-Strategy Master Fund Limited (company) — Counterparty to the agreement
- Convertible Note Exchange Agreement (agreement) — Subject of the filing
FAQ
What is the primary purpose of the Convertible Note Exchange Agreement?
The filing states that NaaS Technology Inc. entered into a Convertible Note Exchange Agreement with LMR Multi-Strategy Master Fund Limited, indicating an exchange of convertible notes.
Who are the parties involved in the Convertible Note Exchange Agreement?
The parties involved are NaaS Technology Inc. and LMR Multi-Strategy Master Fund Limited.
What is the filing date of this Form 6-K?
This Form 6-K was filed on October 4, 2024.
What is NaaS Technology Inc.'s principal executive office address?
NaaS Technology Inc.'s principal executive office is located at Newlink Center, Area G, Building 7, Huitong Times Square, No.1 Yaojiayuan South Road, Chaoyang District, Beijing, China.
Does NaaS Technology Inc. file annual reports under Form 20-F or Form 40-F?
NaaS Technology Inc. indicates it files annual reports under cover of Form 20-F.
Filing Stats: 982 words · 4 min read · ~3 pages · Grade level 13.9 · Accepted 2024-10-04 16:01:04
Key Financial Figures
- $35,537,481 — for cancellation and termination the US$35,537,481 aggregate outstanding amount of the con
- $35,000,000 — te”) in the principal amount of US$35,000,000 and, on or before December 31, 2024, pa
- $537,481 — , on or before December 31, 2024, pay US$537,481 to LMR in cash. The transaction is sub
- $34,000,000 — l amount of the New Note is less than US$34,000,000. The term can be extended further until
Filing Documents
- tm2423513d1_6k.htm (6-K) — 19KB
- tm2423513d1_ex10-1.htm (EX-10.1) — 305KB
- tm2423513d1_ex10-2.htm (EX-10.2) — 294KB
- tm2423513d1_ex10-3.htm (EX-10.3) — 41KB
- 0001104659-24-106251.txt ( ) — 659KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NaaS Technology Inc. By : /s/ Steven Sim Name : Steven Sim Title : Chief Financial Officer Date: October 4, 2024