Subgen AI
Subgen AI announces that subsidiary Substrate AI has received third contribution of EUR 3.95 million from investors
Subgen AI AB (“Subgen AI” or the “Company”) hereby announces that its Spanish subsidiary Substrate Artificial Inteligence S.A. (“Substrate AI”) has received a third contribution of EUR 3.95 million from investors as part of the commitment communicated by the Company on June 29, 2026.
A total of EUR 1.95 million was provided by the Spanish Society of Technological Transformation (the “SETT”), while EUR 1.0 million was provided by each of the private investors Loft Structured Opportunities Fund I and 8 International Ltd. According to the commitment, which has been previously communicated on June 29, 2026, the investors buy convertible bonds which will be converted into shares in Substrate AI within three years, according to the conditions of the signed contract. The investors may subscribe to a total of EUR 39.2 million as per the signed contract. As of today, a total of approximately EUR 11.75 million has been received by Substrate AI.
| Datum | 2026-10-07, kl 16:00 |
| Källa | MFN |