Iffe Futura, S.A. announced that it has entered into a preliminary financing agreement with Inveready Convertible Finance I, Fcr for a private placement of convertible bonds for gross proceeds of €2.5 million on June 23, 2021. The convertible bonds will have a conversion price of €0.33 each and their maturity in the event of non-conversion will occur in 60 months from the date of subscription. The convertible bonds will accrue a cash interest rate of 3.5% per annum and a PIK interest rate of 3.49% per annum.