Archos: suspension of automatic drawings of bonds convertible into shares







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(Boursier.com) — Archos announces that the drawing of tranche 12 of the flexible bond financing contract by issuing vouchers (Issue vouchers) giving access to tranches of bonds convertible into new shares with a nominal value of 10,000 euros each (OCA ), concluded on March 17, 2021 with the investment fund YA II PN, Ltd represented by Yorkville Advisors Global LP (Investor), initially scheduled for this day, has been suspended in view of the share consolidation operations scheduled to begin on March 9, 2021. October 2023.

Archos plans to resume the monthly timing of drawings from the end of the implementation of the reverse stock split, i.e. after November 13, 2023.

The company will communicate to the market a new schedule of drawings of OCA tranches on this occasion.


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