Terms
- Announced
- 2 Nov 2022
- Instrument
- Equity
- Amount
- US$0.50mReported as US$500,000 convertible loan
- Source
- origencarbon.com
Parties
- Project developer
- Origen Carbon Solutions
- Country
- UK
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Elemental Impact Lender US$0.50m Sole provider: the whole transaction
Carbon
- Pathway
- DAC
- Backed by offtakes from
Structure and cover
- Structure flag
- Convertible note
Kumo note
- A convertible loan rather than an equity cheque: it converts into equity at the lender's election at a 10% discount on the next equity round.
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