Brief: Carmat Completes Capital Increase For Gross Amount Of €16.5 Mln

Carmat SA

29/01/2024 06:15

Jan 29 (Reuters) - Carmat SA  ALCAR.PA :
    * CARMAT ANNOUNCES THE COMPLETION OF ITS CAPITAL INCREASE
FOR A
GROSS AMOUNT OF €16.5 MILLION, INCLUDING THE EXERCISE BY THE
LEAD MANAGER AND BOOKRUNNER OF THE OVERALLOTMENT OPTION FOR AN
AMOUNT OF €1.5 MILLION
    * FUNDS RAISED REPRESENT 110% OF INITIAL OFFER
    * NET AMOUNT OF EUR 14.9 MILLION WILL CONTRIBUTE TO
COMPANY'S
SHORT-TERM FINANCING
    * DEMAND AND UNDERWRITING AND GUARANTEE COMMITMENTS REACHED
EUR
18.8 MILLION
    * AFTER OFFER, COMPANY'S 12-MONTH FINANCING NEED AMOUNTS TO
C. EUR
50 MILLION (WITH A CASH RUNWAY TO END-FEBRUARY 2024), WHICH
COULD BE REDUCED TO EUR 35 MILLION

Source text for Eikon:  ID:nBwlJQ88a 
Further company coverage:  ALCAR.PA 

 (Gdansk Newsroom)
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