LIFE IS HARD S.A raises 2 million euros from the capital market  for a new strategic acquisition

Until April 15, 2024, LIFE IS HARD offers the opportunity for anyone wishing to join the company’s strategic development plan to do so through a bond issuance. The LIFE IS HARD bonds, with an attractive interest rate of 10%, aim to attract resources for financing a new strategic acquisition process. This acquisition is part of LIH’s growth strategy initiated in 2021, which has been validated by the strong financial results of the past three years.

Over the past three years, as a result of the implementation of the strategy, LIH’s turnover has experienced an impressive compound annual growth rate (CAGR) of +62% (2020-203), and the profit has exceeded this growth rate, with a CAGR of +80.5% during the same period.

With a Rule of 40 score of 126%, LIFE IS HARD currently ranks among the top IT companies listed on the Bucharest Stock Exchange (BVB), on the AeRo market.

“This corporate bond issuance, a step in LIH’s strategic development initiative, is an indicator that LIFE IS HARD is in the midst of an accelerated growth process, with investments in business performance and expanding the operational capacity of the entire LIFE IS HARD business ecosystem. Through this issuance, we plan to establish a strategic partnership by investing in a company with a similar profile to LIFE IS HARD.

The value of this investment is estimated at 2 million euros, and at the General Shareholders’ Meeting scheduled for April 29, 2024, we are requesting shareholders to increase this budget by an additional 1 million euros. We are financing all these strategic endeavors using the mechanisms of the capital market to give everyone who wants to be part of the LIH story the chance to join us in writing it together,” says Cătălin Chiș, CEO and Chairman of the Board of LIFE IS HARD S.A.

In this operation, LIFE IS HARD S.A. (LIH) is issuing, through a Public Offering, 100,000 bonds with a nominal value of 100 RON/bond, with a maturity of 4 years (16 quarters) from the issuance date and an annual interest rate of 10%, payable quarterly. The maximum total nominal value of the issuance is 10,000,000 RON.

The bond issuance is conducted from 02.04.2024 to 15.04.2024 through BRK FINANCIAL GROUP S.A. and Goldring S.A.

2 million eurosCalihory Groupcapital marketLife is HardLIHstrategic acquisition
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