Cannes, November 15, 2023 at 6 p.m.
Tonner Drones (FR001400H2X4 – ALTD) announces the conclusion, on November 15, 2023, with one of its main financial creditors, the company Yorkville Advisors (“Yorkville”), of an amendment to the terms and conditions of the 23,000 bonds convertible into shares ( “OCA”) issued on June 5, 2023.
The terms and conditions of said OCAs initially provided for a maturity date for the OCAs of December 5, 2023, it being specified that the OCAs which had not yet, on that date, been converted into Tonner Drones shares should have been repaid in cash.
Tonner Drones and Yorkville agreed, on November 15, 2023, to postpone this maturity date to June 5, 2024.
It is specified that, in accordance with the press release from Tonner Drones dated June 7, 2023, OCAs which have not been converted or reimbursed at the latest on their maturity date, as modified, may be reimbursed by Tonner Drones , at the request of the OCA holder, in shares on the basis of a price per share corresponding to 80% of the volume-weighted average price of the Tonner Drones share observed on the date in question. For information, as of the date of this press release, none of the 23,000 OCAs issued on June 5, 2023 have been converted into shares.