Arria NLG launches ‘aggressive’ capital raise
Convertible bond structure offers 49% stake for minimum US$5m issue as audited accounts remain outstanding.
Arria NLG has raised US$220m since 2012.
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New Zealand-registered AI company Arria NLG has unveiled an unusual and “aggressive” capital raise that threatens severe dilution for existing investors who do not participate.
On a conference call late last week, Arria director Sean Drake noted the company had raised US$220 million ($375m)
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