Alpha MOS shares fell by just under 4% on the Paris Bourse on Wednesday, following the announcement of a three million euro fund-raising operation.

The deal, concluded by French investment company NextStage AM at the end of last year, took the form of a private placement of bonds convertible into shares (OCA).

This financing should enable the manufacturer of electronic noses, tongues and eyes for industrial use to strengthen its equity capital base and accelerate its commercial and technological development.

With these funds, Alpha MOS intends in particular to strengthen its international presence, already spread over four continents, with offices currently established in Shanghai, San Francisco and Baltimore.

The convertible bonds, which do not bear interest, entitle the holder to a number of new shares at a value lower than the stock market price on the conversion date, enabling the investor to realize a capital gain.

This mechanism is nevertheless likely to result in significant potential dilution of existing shareholders.

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