The capital markets infrastructure of our Securities Offering was so heavily used that the flood of investors could not be handled quickly enough.
Part II of the Securities Offering is in full swing. Rarely before has the influx of investors been as strong as in this first week of Part II. Besides all the joy about this success and the trust placed in us, the infrastructure was pushed to its limits.
Some applications could not be answered even after two days. It now requires some patience, because in no case should the quality of the application review suffer from the quantity. Support has been brought in from all sides and our partners have strengthened teams.
Nevertheless, we are running into a potential delay in onbording approvals, which is why we are reviewing the possibility to extend the subscription period. Ultimately, every eligible investor should have the opportunity to onboard, subscribe and send funds within a reasonable timeframe.
As soon as any decisions are made, the confirmation and details about the potential extension of the Subscription period will be communicated with investors in additional supplement of the Prospectus, subject to regulatory approval by the CSSF.