Utopia Music shareholder option programme (2023)

funding round·funding round·announced

Announced Utopia Music shareholder option programme; a closed amount was not verified.

Verified facts

Official site	https://www.musicbusinessworldwide.com/utopia-is-asking-its-shareholders-to-help-it-raise-over-90m-as-it-forecasts-profitability-by-june-2024/ ↗
Geography	Switzerland — Zug
amount	value: 65000000 · currency: EUR · qualifier: target · disclosure state: announced_not_closed
round type	shareholder_option_programme
closing date	unknown
grant provider	unknown
lead investors	unknown
source classes	specialist_trade_reporting
round structure	Targeted €65m in new share options within €83m of total activity; up to €25m was described as already committed through conversions.
converted amount	unknown
announcement date	2023-04-21
transaction state	announced_target
cumulative funding	unknown
strategic investor	unknown
funded organization	name: Utopia Music · research key: org_utopia_music
post money valuation	unknown
participating investors	existing shareholders; three largest shareholders via loan and convertible conversions
disclosed use of proceeds	Fund operations until the company's projected profitability date.
conflicting reported amounts	value: 83000000 · source: Music Business Worldwide · currency: EUR · qualifier: total_activity_target