Archos S.A. (ENXTPA:JXR) announced a private placement of 27,460,000 at a price of €0.2811 for gross proceeds of €7,719,006 on April 26, 2019. The transaction will involve participation from new investor Vinsmart Research And Manufacture Joint Stock Company for 29.5% stake in the company. The company will also issue 71,000,000 BSA share subscription warrants, each warrant giving the right to one common share of the company. The warrants would be issued at a fixed subscription unit price of €0.062 and could be exercised for a period of 2 years from its issue, at a fixed exercise unit price of €0.281. In the event of the exercise of all the warrants, the total number of shares added to the shares issued on the exercise of the warrants represents a total of 60% of the capital of the company. The transaction has been approved by the board of directors of the company.