Carmat drops after it launches new capital increase

Carmat SA

18/09/2024 08:15

** Shares in Carmat  ALCAR.PA  drop 13% after the French
artificial heart maker announced the launch of a new capital
increase
    ** The company said it plans to issue initially shares worth
up to 10.3 million euros at 1.6 euros per share; offering can be
increased up to 11.8 million euros
    ** If losses hold, the stock will see its worst day since
June 14, when it closed 21% lower
    ** BNP Paribas analyst Mohamed Kaabouni says in a note the
new capital increase is "expected" and is the "first step in a
larger global offering"
    ** "It will give the company the means to finance itself
until the end of the year, and eventually to achieve operational
catalysts such as the confirmation of the new sales guidance of
between €8 and €12 million," he adds
    

 (Reporting by Stéphanie Hamel)
 ((Stephanie.hamel@thomsonreuters.com))