Brief: Carmat Completes A EUR 7 Million Capital Increase With Several Historical Financial Shareholders

Carmat SA

16/10/2023 06:47

Oct 16 (Reuters) - Carmat SA  ALCAR.PA :
    * COMPLETES A €7 MILLION CAPITAL INCREASE WITH SEVERAL
HISTORICAL
FINANCIAL SHAREHOLDERS
    * EXTENSION OF COMPANY'S CASH RUNWAY TO EARLY 2024
    * ACTIVE WORK ON OTHER FINANCING SOLUTIONS AND MEASURES TO
EXTEND
THIS HORIZON
    * CONFIRMATION OF AESON®'S EARLY SALES MOMENTUM
    * EXPECTS GROWTH IN EUROPEAN SALES, WITH REVENUE OF AROUND
EUR 4
TO 6 MILLION IN 2ND HALF OF 2023, FOLLOWED BY A SHARP INCREASE
IN 2024
    * EXPECTS PRODUCTION CAPACITY OF 500 HEARTS PER YEAR BY END
OF
2023
    * ESTIMATES THAT IT WILL HAVE TO SECURE AROUND EUR 50
MILLION IN
ADDITIONAL FINANCING TO COVER ITS OPERATIONS AND INVESTMENTS
UNTIL END OF OCTOBER 2024
    * ISSUE OF 1,944,442 NEW SHARES WITH A PAR VALUE OF EUR 0.04
EACH
AT A PRICE OF EUR 3.60
    * EXISTING SHAREHOLDERS LOHAS SARL, SANTÉ HOLDINGS SRL AND
THERABEL INVEST SARL SUBSCRIBED TO CAPITAL INCREASE

Source text for Eikon:  ID:nBw33kr7Pa 
Further company coverage:  ALCAR.PA 

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