The Social Chain AG’s €25 Million Convertible Bond Placement

Noerr has advised The Social Chain AG on the placement.

The Social Chain AG, an international platform for social media & e-commerce, announced the successful placement of a EUR 25 million convertible bond.

The placement was carried out within the framework of a public subscription offer and a subsequent private placement with institutional investors. The newly issued convertible bonds with a term until 2024 bear interest at a coupon of 5.75% p.a. and are to be included in trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange (Quotation Board segment).

The net proceeds from the issuance of the convertible bond will be used primarily to finance the further growth of the company’s existing business activities, for selected acquisitions in the area of social media & e-commerce and for general corporate purposes. Quirin Privatbank AG acted as sole global coordinator and sole bookrunner.

The Social Chain AG is understood as the first integrated social media company combining social media and social commerce in one company in order to develop and market brands in the interplay between social media and social commerce.

The Noerr team was led by Dr Julian Schulze De la Cruz (Picture) and Dr Laurenz Wieneke and also included Dr. Dominik Kloka, Thomas Thies, Jens Göb and Dr. Nikolai Warneke.

Involved fees earner: Jens Michael Göb – Noerr; Dominik Kloka – Noerr; Julian Schulze De la Cruz – Noerr; Thomas Thies – Noerr; Nikolai Warneke – Noerr; Laurenz Wieneke – Noerr;

Law Firms: Noerr;

Clients: The Social Chain AG;

Author: Federica Tiefenthaler