ADS-TEC Energy plc has filed a prospectus supplement as part of a securities purchase agreement with institutional investors, involving the issuance of senior secured convertible notes and warrants. The company has agreed to issue notes with an original principal amount of $53.76 million and warrants to purchase up to 1,116,072 ordinary shares at a nominal value of $0.0001 per share. These securities were issued in accordance with the company's effective shelf registration statement on Form F-3. Additionally, a warrant adjustment was implemented, lowering the exercise price from $16.88 to $10.31 per share, in line with the terms specified in the agreement.
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