Brief: Carmat Gets EUR 2.2 Mln Financing; Has Enough Cash Until End-Sept

Carmat SA

05/07/2024 17:10

July 5 (Reuters) - Carmat SA  ALCAR.PA :
    * CARMAT SECURES AN EQUITY FINANCING LINE WITH VESTER
FINANCE
    * FLEXIBLE FINANCING OF UP TO 3,500,000 SHARES OVER 24
MONTHS
    * TO RECEIVE IMMEDIATELY EUR 2.2 MILLION UNDER THIS
FINANCING,
THUS EXTENDING COMPANY'S CASH RUNWAY UNTIL END OF SEPT. 2024
    * THIS FINANCING LINE ENABLES US TO BENEFIT FROM A TOTAL
AMOUNT OF
AROUND EUR 8 MLN IN POTENTIAL FINANCING - CEO

Source text for Workspace:  ID:nBw9PGlDwa 
Further company coverage:  ALCAR.PA 

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