CMB's decision to remove Tera Investment's 3 applications from processing
Quick Look
Tera Yatırım Menkul Değerler AŞ stated that applications for debt instrument issuance of 19 billion TL, private capital increase of 50 billion TL and capital increase from internal resources of 28 billion TL were removed from the transaction by the Capital Markets Board, taking into account the current conditions and uncertainties.
AI-generated summary
Why It Matters
Tera Yatırım Menkul Değerler AŞ had applied to the Capital Markets Board regarding the issuance of debt instruments, private capital increase and capital increase from internal sources.
Tera Yatırım Menkul Değerler AŞ, Sermaye Piyasası Kurulunun (SPK), şirketin borçlanma aracı ihracı, tahsisli sermaye artırımı ve iç kaynaklardan sermaye artırımı başvurularının işlemden kaldırılmasına karar verdiğini bildirdi.
A statement was made by Tera Yatırım Menkul Değerler AŞ on the Public Disclosure Platform (KAP).
The statement included the following statements:
"With the letter numbered E-29833736-105.01.01.01-99313 sent to our company by the Capital Markets Board Presidency, Partnership Finance Department, our company issuance of debt instruments up to 19 billion TL to be sold to qualified investors without public offering in the country, dated September 9, 2025, and the rights of existing shareholders to purchase new shares are completely restricted, dated March 17, 2026. Capital increase in cash, completely and free of all kinds of collusion, with a total sales revenue of 50 billion TL, allocated to Emre Tezmen, one of the company's shareholders, and a total increase of 28 billion TL, covered by the net profit of the 2025 period of the issued company capital of 700 million TL, dated May 20, 2026, with an increase of 4 thousand percent to 28 billion 700 million. "Our company has been informed, with respect, for the information of savers and the public, that our applications for capital increase to TL and amendment of the articles of association have been decided to be removed from the transaction, taking into account the current conditions and uncertainties, within the framework of the first paragraph of Article 96 of the Capital Markets Law and the provisions of the relevant legislation."
Open Questions
- Why were applications rejected?
- What are the details of the CMB's rejecting decision?
- What are the Company's alternative financing plans?
