Concorde International Group Announces $1 Million Convertible Note Conversion by Softbank, Issuing 259,082 Class A Shares for Debt Repayment

Reuters
Sep 26, 2025
<a href="https://laohu8.com/S/CIGL">Concorde International Group</a> Announces $1 Million Convertible Note Conversion by Softbank, Issuing 259,082 Class A Shares for Debt Repayment

Concorde International Group Ltd. has announced the conversion of a US $1,000,000 convertible note, originally issued to Softbank Robotics Singapore Pte Ltd in June 2024. On September 12, 2025, Softbank exercised its right to convert the principal amount, along with accrued but unpaid interest totaling $36,328.69, into 259,082 Class A Ordinary Shares of the company at a price of $4.00 per share. This conversion fully discharges the loan and interest obligations associated with the note.

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