Fermentalg SA announced that it will issue 2,909,090 common shares at an issue price of €2.75 per share for gross proceeds of €7,999,997.50 on December 16, 2021. The transaction includes participation from new investors, NextStage AM for 1,090,909 shares and individual investor, Theodore H. Nixon for 1,818,181 shares. The shares are issued at a discount of 10%.

The transaction is expected to close on December 21, 2021. Post-closing of the transaction, the capital of the company will consist of 39,921,587 shares. Post-closing of the transaction, Theodore H. Nixon and NextStage AM will hold 4.6% stake and 2.7% stake in the company respectively.