ARCURE: Inveready supports Arcure in its development with a loan convertible into shares of EUR 4.0 million – 05/06/2022 at 08:00

Pantin, May 6, 2022

Inveready supports Arcure in its development with a loan convertible into shares of €4.0 million

• Duration of the loan: 5 years
  

• Conversion price: €4.25
  

Pantin, May 6 – 8:00 a.m.

– Arcure (“the

Company

“), a specialist in artificial intelligence applied to image processing for industry, announces the signing of a memorandum of understanding with Inveready as part of a project to issue a convertible bond loan from a nominal amount of €4.0 million aimed at supporting the Company in its growth trajectory.

GROWTH FINANCING

This financing will enable Arcure to support its ambitions for profitable growth, with an objective of doubling its turnover by 2024. The growth strategy implemented includes in particular the rapid deployment of Blaxtair

^®

Origin. Marketed in the second half of 2022, Blaxtair

^®

Origin, offers superior performance to Blaxtair

^®

3 (distance, postures, scalability, etc.), native connectivity and a very small footprint, expanding the size of its market. With Blaxtair

^®

Origin, Arcure intends to increase, in the medium term, the number of Blaxtair

^®

installed per machine as well as the associated recurring service revenues and significantly increase the company’s gross margin.

Patrick MANSUY, President and co-founder of Arcure, declares:

”

Arcure is currently experiencing a good dynamic in the development of its activities and has significant on-board growth potential for 2022. Our solutions are acclaimed by partner manufacturers and by many major international accounts, more than a dozen of which are currently involved in equipping their entire fleet of vehicles. Several dozen other groups could gradually announce the adoption of Blaxtair in the coming semesters

.

The Company intends to take advantage of the funds that would be raised as part of this bond issue to intensify its development, in particular by capitalizing on recent commercial successes in the United States and by accelerating the upcoming launch of Blaxtair.

^®

Origin.

»

Alexandre Bartolini, Investment Director at Inveready, says:

”

We are delighted to be able to support Arcure in this development phase. The company’s growth prospects are solid and we are enthusiastic about the idea of ​​bringing in additional financial resources. They will allow Arcure to accelerate its promising development plan.

»

MAIN TERMS OF THE BOND LOAN CONVERTIBLE INTO SHARES

The main characteristics of this plan to issue bonds convertible into shares (the “OCA 2022”) are as follows:

This draft Bond Loan Convertible into Shares is subject to the approval by the general meeting of June 9 of the financial authorizations allowing this issue and to the conclusion of definitive documentation between the parties.

Under the agreement signed today, Inveready will be able to exercise its conversion right, at its discretion, from 19

^th

months from the date of issue of the 2022 OCAs.

The completion of this operation will be the subject of a subsequent press release by the company.

This proposed operation is a new step aimed at providing the company with financial resources in line with its ambitions and its growth potential for the years to come. In this same dynamic of acceleration, the company could proceed in the coming months, depending on market conditions, to raise additional funds, the terms of which would remain to be defined.

TP ICAP Midcap is acting as Advisor in the context of this project.

More information on

www.arcure-bourse.com

About Arcure

Founded in 2009, Arcure is a high-tech company specializing in artificial intelligence applied to image processing in the industrial world, which develops and markets solutions to enhance the autonomy and safety of industrial machines and robots.

In collaboration with CEA research teams, Arcure has notably developed Blaxtair

^®

, a state-of-the-art intelligent pedestrian detection solution, improving safety around industrial vehicles in many contexts, and in particular in the most extreme environments. Already sold nearly 12,000 copies in more than 30 countries, Blaxtair

^®

is used by the world’s industrial leaders and gradually adopted by machine manufacturers.

Arcure has a head office in Paris, a subsidiary in the United States and sales offices in Germany, Spain and Asia.

Arcure, listed on the Euronext Growth market (ISIN: FR0013398997 – Mnemo: ALCUR) achieved sales of €10.4 million in 2021 (of which 69% internationally), up 33%.

CONTACTS

About Inveready

Inveready is one of the leading alternative asset managers in Spain – operating notably in venture capital during the seed, acceleration and development phases, venture debt, direct investment in listed companies, l investment in infrastructure and Private Equity – and thus offers a range of complete financing solutions throughout the life cycle of a company.

Founded in 2008, Inveready has over 200 active companies and over €1 billion in assets under management. Inveready currently holds more than 15 listed holdings, in direct capital or in hybrid capital. Some of our portfolio companies were acquired by multinationals such as Intel, Symantec, IBM and Facebook, while others are listed on markets such as NASDAQ, BME Growth, AIM London and Euronext Growth.

About TP ICAP Midcap

TP ICAP Midcap is an investment bank specializing in European Small & Mid Caps which supports entrepreneurs on the one hand in their development and financing strategy, and on the other institutional investors in the markets. TP ICAP Midcap has advised and executed nearly 100 transactions since 2013, thus raising on behalf of its clients nearly 7 billion euros in equity and debt instruments. TP ICAP Midcap is the division dedicated to Small & Midcap of TP ICAP (Europe) SA, a subsidiary of TP ICAP Group PLC, world leader in brokerage activities and listed on the London Stock Exchange. TP ICAP Midcap is a member of the Euronext Paris market and Listing Sponsor on Euronext Growth.

WARNING

This press release, and the information it contains, does not constitute an offer to sell or subscribe, nor the solicitation of an order to buy or subscribe, shares of the company ARCURE in any country whatsoever.

This press release constitutes a communication of a promotional nature and not a prospectus within the meaning of Regulation (EU) No. 2017/1129 of the European Parliament and of the Council of June 14, 2017 (the “Prospectus Regulation”).

In the Member States of the European Economic Area, this communication and any offer which may follow are addressed exclusively to persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.

This press release does not constitute an offer to sell securities or any solicitation of an offer to buy or subscribe for securities in the United States of America. The shares, or any other security, of ARCURE may only be offered or sold in the United States of America following registration under the US Securities Act of 1933, as amended (the “Securities Act”), or in the context of an exemption from this registration obligation, it being specified that the shares of the company ARCURE have not been and will not be registered under the US Securities Act. ARCURE does not intend to register the offering in whole or in part in the United States of America or to make a public offering in the United States of America.

In relation to the United Kingdom, the announcement is directed only to persons located (x) outside the United Kingdom or (y) in the United Kingdom, who are “accredited investors” (as that term is defined in the Prospectus Regulation which forms part of domestic law pursuant to the European Union (Withdrawal) Act 2018) and who (i) are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are referred to in Article 49(2) (a) to (d) (“high net worth companies, unincorporated associations etc. “) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activities (as defined in section 21 of the Financial Services and Markets Act 2000) may lawfully be communicated or transmitted (the persons mentioned in paragraphs (y)(i), (y)(ii) and (y)(iii) being together ble referred to as the “Approved Persons”). This press release is intended for Relevant Persons only and may not be used by anyone other than a Relevant Person.

This press release contains indications of ARCURE’s objectives as well as forward-looking statements. This information is not historical data and should not be interpreted as guarantees that the facts and data stated will occur. This information is based on data, assumptions and estimates considered reasonable by ARCURE. The latter operates in a competitive and rapidly changing environment. It is therefore not in a position to anticipate all the risks, uncertainties or other factors likely to affect its activity, their potential impact on its activity or even to what extent the materialization of a risk or a combination of risks actual results could differ materially from those referred to in any forward-looking information. This information is given only as of the date of this press release. ARCURE makes no commitment to publish updates to this information or the assumptions on which it is based, except for any legal or regulatory obligation that may apply to it.

The distribution of this press release may, in certain countries, be subject to specific regulations. Consequently, persons physically present in these countries and in which the press release is broadcast, published or distributed must inform themselves and comply with these laws and regulations.

This press release must not be published, transmitted or distributed, directly or indirectly, in the territory of the United States of America, Australia, Canada or Japan.

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