After submitting non-binding interest (step 1), ICN token holders who choose to exchange their ICN tokens for Securities of ICONOMI AG will receive an offer from ICONOMI/prospectus for issuing Securities of ICONOMI AG to confirm their interest (step 2). They will receive Securities of ICONOMI AG (step 3) after accepting the offer.
Securities of ICONOMI AG will be distributed in three batches:
- For ICN holders who expressed non-binding interest in exchanging their ICN tokens for Securities of ICONOMI AG (step 1) during the 1st round (October 30, 2018–December 31, 2018) and who have confirmed their interest by accepting the offer from ICONOMI (step 2), Securities of ICONOMI AG are expected to be distributed (step 3) in the 1st batch in Q2 2019.
Update: The latest status is that our prospectus for issuing ICONOMI securities is under review by the regulator. We are expecting the process to end in Q2 2019, but giving a definite timeline is not possible since it is no longer just in our hands.
- For ICN holders who expressed non-binding interest in exchanging their ICN tokens for Securities of ICONOMI AG (step 1) during the 2nd round (January 1, 2019–June 30, 2019) and who have confirmed their interest by accepting the offer from ICONOMI (step 2), Securities of ICONOMI AG are expected to be distributed (step 3) in the 2nd batch by July 31, 2019.
- For ICN holders who expressed non-binding interest in exchanging their ICN tokens for Securities of ICONOMI AG (step 1) during the 3rd round (July 1, 2019-December 31, 2019) and who have confirmed their interest by accepting the offer from ICONOMI (step 2), Securities of ICONOMI AG are expected to be distributed (step 3) in the 3rd batch by January 31, 2020.
You will "receive" Securities of ICONOMI AG to your ICONOMI account.
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