Crescent NV (ENXTBR:OPTI) announced that it has entered into a financing agreement with new investor LDA Capital Limited for private placement of shares at a minimum price of €0.03 per share for gross proceeds of €9,900,000 on January 22, 2021. The company has committed to issue a minimum amount of €5,000,000 in shares within 18 months. The investor has agreed to hold no more than 19.9% stake. The company will also issue 46,400,000 warrants exercisable at €0.046 per share for a period of three years. The transaction is subject to approval of shareholders in an extraordinary general assembly. The company has also entered into a put option agreement. The company will pay a fees of €198,000 in the transaction.