The German renewable energy company Infinite Energy Holding AG will receive through its majority shareholder, the Dutch group RIG Investments NV (RIG), € 14 million in equity. The investment will be made by private investment firm Prime Capital Fund, LLC (PCF), based in New York.
The transaction is established through a Securities Purchase Agreement (SPA). RIG will sell part of its shareholdings to PCF pursuant to the SPA. The sale proceeds are passed through a loan agreement in the form of convertible debt to the German Infinite Energy Holding AG. The new equity will be used to further expand the company strategy of investing in renewable energy infrastructure projects.
The transaction is established through a Securities Purchase Agreement (SPA). RIG will sell part of its shareholdings to PCF pursuant to the SPA. The sale proceeds are passed through a loan agreement in the form of convertible debt to the German Infinite Energy Holding AG. The new equity will be used to further expand the company strategy of investing in renewable energy infrastructure projects.
