Brief: Drone Volt Launches Capital Increase Of At Least 6 Million Euros

Drone Volt SA

09/12/2021 18:06

Dec 9 (Reuters) - Drone Volt SA  ALDRV.PA :
    * LAUNCHES CAPITAL INCREASE OF AT LEAST EUR 6 MILLION
    * THE TRANSACTION WILL BE CARRIED OUT THROUGH THE ISSUANCE
OF
SHARES WITH REDEEMABLE SHARE WARRANTS ("ABSARS"), RAISING AN
INITIAL AMOUNT OF AT LEAST €6 MILLION THROUGH THE ISSUE OF NEW
SHARES
    * 50% OF THE PROCEEDS FROM THE ABSAR ISSUE WILL BE USED TO
FINANCE
THE GROUP'S EXTERNAL GROWTH THROUGH GROWTH THROUGH ACQUISITIONS
TARGETING PLAYERS WITH STRONG DEVELOPMENT POTENTIAL
    * 25% OF THE PROCEEDS OF THE ISSUE WILL BE DEVOTED TO
SUPPORTING
THE COMMERCIAL DYNAMIC THAT DRONE VOLT IS CURRENTLY EXPERIENCING
    * INTENDS TO ALLOCATE 25% OF THE PROCEEDS OF THE ISSUE TO
FINANCE
ITS RESEARCH AND DEVELOPMENT ACTIVITY

Source text for Eikon:  ID:nACT72330 
Further company coverage:  ALDRV.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))