Carmat shares dive on discounted capital increase

Carmat SA

31/01/2025 09:28

** Shares in Carmat  ALCAR.PA  dive 26% after the French
artificial heart maker completed a discounted capital increase
    ** Shares were sold at 0.77 euro, which represents a 27%
discount to Thursday's closing price of 1.06 euro
    ** The firm raised 9.7 million euros in comparison to the
expected 10 million 
    ** Carmat still needs to find 30 to 35 million euros to
finance its operations over the next 12 months, the company said
in a press release
    ** "Short term target achieved," says Portzamparc's Mohamed
Kaabouni in a research note
    ** Kaabouni estimates the company will need to raise 45
million in total in 2025
    ** Shares on track for their worst day since late September
2023, if losses hold

 (Reporting by Alban Kacher)
 ((alban.kacher@thomsonreuters.com))