Utopia Music shareholder option programme (2023)
funding round·funding round·announced
Announced Utopia Music shareholder option programme; a closed amount was not verified.
Recorded 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 |
Current
| funded organization | Utopia Music 2023-04-21 — nowSource 1 ↗ REPORTED high confidence |
|---|
Sources & changes
Checked 10d ago · mediumhow verification works
Field-level evidence
Public change history
- Status unknown → announced
- Official URL unknown → www.musicbusinessworldwide.com/utopia-is-asking-its-shareholders-to-help-it-raise-over-90m-as-it-forecasts-profitability-by-june-2024
- Record maintenance · 12 fields updated
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