Fermentalg SA announced a private placement of 6,847,828 convertible bonds at a price of €0.92 on €6,300,001.76 on March 14, 2023. The transaction included participation from European investors. The convertible bonds will not bear interest and will mature on March 13, 2026.

The issue of convertible bonds was decided on the basis of the delegation of powers granted by the general meeting of shareholders of the company on June 15, 2022 under its 17th resolution.