Brief: 2Crsi Launches EUR 8-12 Million Financing Round For AI Development

2Crsi SA

13/03/2024 17:17

March 13 (Reuters) - 2Crsi SA  AL2SI.PA :
    * 2CRSI SA: 2CRSI ANNOUNCES THE LAUNCH OF A €8 TO €12
MILLION
ROUND OF FINANCING TO ACCELERATE ITS GROWTH IN THE ARTIFICIAL
INTELLIGENCE SERVER MARKET
    * CLOSING OF PRIMARYBID OFFER ON 13 MARCH 2024 AT 10PM AND
OF
OFFER TO QUALIFIED INVESTORS ON 14 MARCH 2024 BEFORE MARKET
OPENING (SUBJECT TO EARLY CLOSING)
    * IRREVOCABLE SUBSCRIPTION COMMITMENTS FROM SHAREHOLDERS AND
CO-FOUNDERS ALAIN WILMOUTH AND MICHEL WILMOUTH TOTALLING EUR 1M
    * WE ANTICIPATE THAT 2024 WILL BE A PIVOTAL YEAR
    * OUR AMBITIOUS GOAL FOR 2025-2026 FISCAL YEAR IS TO EXCEED
300
MILLION EUROS IN CONSOLIDATED REVENUE WITH AN EBITDA MARGIN OVER
12%

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