Rapid Nutrition Terminates Negma Investment Agreement
London, United Kingdom 18 April. 2023 - Rapid Nutrition PLC (Euronext Growth: ALRPD), a natural wellness company focused on organic wholefood-based nutrition and science-based herbal products with growing worldwide distribution, announces today that it has terminated the Investment Agreement with the Negma Group.
The Investment Agreement was announced in early 2022, and only a portion of the financing was used to fund the Company over the past 12 months, consisting of Convertible Bonds with Warrants attached. The Company has elected to redeem the remaining EUR 192,000 Convertible Bonds currently outstanding as disclosed on register of notes on the Company’s website.
The financing commitment by Negma has allowed Rapid Nutrition to pursue strategic acquisitions as part of its accelerated growth strategy. The Company wishes to thank Negma for its support during this period.
About Rapid Nutrition
Dedicated to the development and distribution of premium, science-based health and wellness brands across the globe, Rapid Nutrition shares a wealth of award-winning products with consumers who are passionate about innovations that are “made by nature, refined by science.” Rapid Nutrition’s first-class scientific team matches the experience of its management team to keep both the company and consumers on top of the latest industry trends and developments, while aligning with industry leaders worldwide to deliver effective supplements and solutions. Rapid Nutrition aims to be the supplier of choice globally by offering premium brands with the highest-quality ingredients to deliver maximum results.
For more information, please visit http://rnplc.com
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