Rights Issuance Open to All Shareholders
Tonner Drones (FR001400H2X4 - ALTD) references its earlier press release of earlier today (the “Press Release”) to highlight that the rights issuance is open to all shareholders.
Following its publication of the Press Release, Tonner Drones received questions and comments from shareholders regarding the subscription price of € 0.025 and the functioning of the rights issuance.
The price of € 0.025 sets a firm floor as the company significantly cleans up its balance sheet with this € 5M rights issuance that is open to all current shareholders. This price also allowed Tonner Drones to locate investors willing to guarantee that the € 5M in financing is achieved, depending on how many current shareholders subscribe.
This discounted price is not limited to the new investors. Rather, as set forth in greater detail on pages 4-5 of the Press Release, Tonner Drones reiterates that all shareholders may participate in this rights issuance at the same discounted price of € 0.025 per share from
Shareholders wishing to exercise their preferential subscription rights must do so on or before close of trading on
Any difference between the funds received through shareholders subscribing and the € 5M will be met by the new investors either through fresh cash or the offsetting of receivables.
“Tonner Drones is pleased to offer this € 5M rights issuance at a discounted price of € 0.025 per share to all current shareholders so that they too can benefit from this price discount and participate in the future of the company with us,” stated
About Tonner Drones: Tonner Drones (formerly
Tonner Drones’ shares are listed on Euronext Growth Paris (ISIN code: FR001400H2X4).
More information at www.tonnerdrones.com
If you would like to find out more, or if you are interested in a partnership: contact@tonnerdrones.com
Contact
Actifin Jean-Yves BARBARA Financial communication jybarbara@actifin.fr +33 (0)1 56 88 11 13 | Actifin Press Relations amelie.orio@seitosei-actifin.com +33 (0)1 56 88 11 16 |
Attachment
- 2023 03 12_Tonner Drones_Rights Issuance Open to All Shareholders
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