Noerr advises CLIQ Digital on rights offering and issuance of a convertible bond

The law firm Noerr advised CLIQ Digital AG on two combined capital measures, firstly, a rights offering regarding new shares from a capital increase against cash contribution and secondly, the issuance of a convertible bond with subscription rights of the shareholders. The new shares and the convertible bond will be offered to the public in Germany and Luxembourg. The Noerr team was led by partners Dr. Stephan Schulz and Dr. Holger Alfes.

The issue proceeds are mainly intended to reduce CLIQ Digital’s current and non-current debt and for additional marketing activities. The company is a leading provider of mobile entertainment for smart phones and tablets. Its shares are listed on the Entry Standard segment of the Frankfurt stock exchange.

Noerr acted as Transaction Counsel and advised on the structuring, preparation and implementation of both capital measures. The drafting of a uniform securities prospectus for both elements represented a central element of the work.

Advisor to CLIQ Digital AG: Noerr LLP

Dr. Stephan Schulz and Dr. Holger Alfes (lead management, corporate and securities law)

Associates: Christian Ruf, Dr. Christian Schützler, Dr. Ivan Zlatanov, Dominik Kloka (corporate and securities law, Frankfurt am Main), ), Benjamin Bajon (Regulatory, Berlin), Elisabeth Dworschak (Tax, London)