Aterian PLC - CLN Conversion
Summary
Aterian PLC has announced the early conversion and redemption of a portion of its Convertible Loan Notes, resulting in the issuance of 380,000 new ordinary shares at a conversion price of 25 pence per share. These new shares will rank equally with existing shares. Following this, the company will have 18,600,000 ordinary shares in issue, each with one voting right.
Investors can use this figure when calculating their shareholding. The Conversion Shares are expected to be admitted to trading on the London Stock Exchange around 29 May 2026. Aterian PLC encourages shareholders to engage with the management team, ask questions, and visit the investor hub on their website.
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