Ludwig & Co. advised CyBERG on the HUF 1.2bn Investment Agreement with Yorkville Advisors

Frankfurt am Main, 13 May 2022

CyBERG Corp. Plc. has signed an agreement with an investment fund (the “Investor”) represented by US investment firm Yorkville Advisors Global LP (“Yorkville Advisors”) for a financing via convertible notes of up to HUF 1.2 Billion.

Ludwig & Co. acted as exclusive financial advisor for CyBERG.

Official ad-hoc Press Release

Deal Team
Dr. Thomas Ludwig (Managing Director)
Björn Ehring (Partner)

About the Deal

Upon completion of the related legal work, the Investor will subscribe to newly issued convertible notes and may become a new shareholder in CyBERG Corp, Plc. through the conversion of the subscribed notes.

With this, the Company expands the range of its financing opportunities, which will continue to serve purposes related to acquisitions, expansion of development capacity and optimization of financing, as well as providing a serious opportunity to expand international, institutional investor relations.

Following the closing, a first tranche of convertible notes with a nominal value of HUF 150 million will be issued.

The HUF 1.2 billion funding facility with a commitment period of 36 months granted by the Investor may be used by CyBERG at the management’s discretion. In the event of a conversion of the notes, the capital of the company will be increased in such a way that the relevant notes will be converted and replaced by new ordinary shares belonging to the current series. If the notes are actually held until maturity, the Investor will not acquire a stake in CyBERG Corp. Plc. and no capital increase will take place.

About CyBERG Corp. Plc.

CyBERG is an innovative technology company listed on the Budapest Stock Exchange. In addition to the company’s artificial intelligence-based product development business, it is involved in major international fintech and gaming projects.

The company builds transparent systems and clean databases for real users in real communities.

To the website of CyBERG

About Yorkville Advisors

For more than 20 years, U.S.-based Yorkville Advisors has been offering flexible capital solutions to micro- and small-cap public companies to accelerate growth opportunities.

It invests its capital through customized structured debt and equity investments. Its funds have a broad investment mandate in a number of sectors and geographical areas.

To the website of Yorkville Advisors

About Ludwig & Co.
Ludwig & Co. is an independent, multiple award winning Corporate Finance Boutique. Its services include M&A, Restructuring, Debt- & Real Estate- Advisory as well as Capital Raises.

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