22.03.2021
OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, is pleased to announce that it has elected to convert all of its 6% Convertible Loan Notes (CLNs) issued by Minnowtech LLP into ordinary shares in Minnowtech. In addition to converting the CLNs, OTAQ has also agreed to a further equity investment of $150,000 in Minnowtech. Following conversion of the CLNs and the Equity Investment, OTAQ will hold a beneficial interest in approximately 15.2% of Minnowtech’s issued ordinary share capital.