Adocia SA announced a private placement of 6,568,422 convertible bonds for issue price of €0.9134614 for gross proceeds of €5,999,997 on October 31, 2022. The securities issued are convertible into shares with a par value of €1 each. This issuance was carried out in accordance with article L. 225-138 of the French Commercial Code, with cancellation of the preferential subscription rights of shareholders in favor of a category of investors meeting the characteristics determined by the general meeting.

The securities are subscribed by a group of European investors. These Convertible Bonds were issued at a price equal to 95% of their nominal value. The Convertible Bonds will not bear interest and will mature on November 30, 2024.

They may be converted into ordinary shares at the request of the holders, at any time and at a subscription price which will depend on the company's share price at the time of conversion4 per share. The Convertible Bonds may also be converted or redeemed at the request of the holder should an event of default occur. The new shares resulting from the conversion of the Convertible Bonds will be fully fungible with the existing ordinary shares and have the same rights.

In the event that the Convertible Bonds have not been fully converted and/or redeemed at maturity, they will be fully redeemed by the Company at 100% of their nominal value.