Carbios SAS (ENXTPA:ALCRB) announced that it has entered into a private placement of 1,028,572 ordinary shares at a price of €26.25 per share for a total gross proceeds of €27,000,015 on July 23, 2020. The transaction includes participation from strategic shareholders, Business Opportunities for L'Oréal Development and Michelin Ventures SAS for €3,900,000, and other qualified investors. Initially the company intended to raise €20,000,000 in the transaction. The new ordinary shares represents 14.79% of the total share capital of the company. After the issuance company shares capital is now consists of 7,982,172 shares.