EMGS seeks bondholder waivers for Riggs Capital acquisition of assets, operations

  • Riggs Capital agreed to acquire EMGS business operations and assets under a binding transaction agreement dated March 31, 2026.
  • Deal scope includes transfer of key operating assets and all employees.
  • Closing requires consents and waivers from holders of EMGS convertible bonds Elec ASA 18/25 FRN USD FLOOR STEP C CONV (EMGS03).
  • Bondholders representing enough bonds to pass required changes have backed proposed amendments tied to those consents and waivers.
  • EMGS initiated a written bondholder resolution process to secure approvals needed to complete transaction.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EMGS - ElectroMagnetic GeoServices ASA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604080400OMX_____CNEWS_EN_GNW1001174614_en) on April 08, 2026, and is solely responsible for the information contained therein.