Brief: Delta Drone: Drawing Of Tranche Of ORNAN Of EUR 2.5 Million

Tonner Drones SA

10/05/2022 17:17

May 10 (Reuters) - Delta Drone SA  ALDR.PA :
    * REG-DELTA DRONE - DRAWING OF A TRANCHE OF ORNAN OF €2.5
MILLION
IN NOMINAL VALUE AND SIGNIFICANT REDUCTION IN POTENTIAL DILUTION
    * REINFORCEMENT OF FINANCIAL RESOURCES IS JUSTIFIED BY
COMMERCIAL
PROSPECTS THAT ARE ACCUMULATING AND REQUIRE NEED FOR SUFFICIENT
WORKING CAPITAL, IN LINE WITH SALE OF EQUIPMENT WHOSE UNIT VALUE
IS BETWEEN 150 AND 200 KEUR
    * REGARDING REDUCTION IN POTENTIAL DILUTION, DRAWDOWN OF EUR
2.5
MILLION TRANCHE OF ORNAN ACHIEVED TODAY IS ACCOMPANIED BY
ACQUISITION BY DELTA DRONE OF ALL EXISTING BSAS HELD BY
YORKVILLE ADVISORS, I.E. 2,147,549,465 BSA WHICH REPRESENTED A
POTENTIAL FUTURE DILUTION OF 36.76%.
    * ALL BSAS WILL BE CANCELLED IN ORDER TO ELIMINATE RISK OF
DILUTION ATTACHED

Source text for Eikon:  ID:nGNEbXrdg2 
Further company coverage:  ALDR.PA 

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