The completion of this operation will ensure the financing of the group's activities until the end of 2024, Carmat states in a press release.
The issue price is 1.60 euros per share.
At around 8.45 am GMT, on the Paris Bourse, the share price was down 12.25% at 1.79 euros.
The capital increase, launched with a priority subscription period for shareholders, is crucial for strengthening the Group's short-term financial structure, says CEO Stéphane Piat in the press release.
After the offering, Carmat's financing requirements until the end of September 2025 will be between 36 and 38 million euros, the company adds.
(Written by Mara Vîlcu, with contributions from Stéphanie Hamel, edited by Augustin Turpin)