Vénissieux, the 1
er
February 2024
BOOSTHEAT (FR001400IAM7 / ALBOO), French industrial player in energy efficiency,
announces that it has raised funds of €200,000 through the drawing of 1 tranche of 80 ORA, for a nominal value of €200,000, subscribed by Impact Tech Turnaround Opportunities (ITTO)
[1]
.
This fundraising, for a total amount of €200,000, is intended to continue financing the turnaround plan.
This ORA issue could give rise to the creation of 333,333,333 new shares based on the last listed price. The participation of a shareholder holding 1% of the capital prior to these drawings would be 0.85%.
The characteristics of the ORA and the dilutive impact of the operation are detailed in the press release of May 21, 2021
[2]
.These issues do not give rise to the preparation of a prospectus subject to approval by the AMF. The role of the initial subscriber is to ensure that the Company gradually raises funds. It is not intended to retain the securities and remain a long-term shareholder of the Company but to gradually sell them on the market. The ORA and outstanding shares monitoring table is available on the Company’s website.
[3]
.
Before the draw announced today, the ORA issue raised €7,220,000
[4]
gave rise to the creation of 1,420,923,429 new shares
[5]
and could still give rise to the creation of 1,483,333,333 new shares based on the last listed price. The participation of a shareholder holding 1% of the capital prior to these drawings is today 0.2363%.
To date, the maximum residual financing capacity is €22.58 million.
The public’s attention is drawn to the risk factors relating to the Company and its activity, described in the 2022 Annual Financial Report available on the Company’s website. The realization of all or part of these risks is likely to have an adverse effect on the activity, financial situation, results, development or prospects of the company. On the date of the last Financial Report, the Company carried out a specific review of its liquidity risk and considered itself able to meet its upcoming deadlines over the next 12 months thanks in particular to the use of this financing line.
* * *
F ind all the BOOSTHEAT information on
www.boostheat-group.com
ABOUT BOOSTHEAT
Founded in 2011, BOOSTHEAT is a player in the energy efficiency sector. The Company’s mission is to accelerate the ecological transition through the integration of its technology into highly energy-consuming applications. BOOSTHEAT has designed and developed a thermal compressor protected by 7 families of patents making it possible to significantly optimize energy consumption to move towards reasonable and relevant use of resources.
BOOSTHEAT is listed on Euronext Growth in Paris (ISIN: FR001400IAM7).
I CONTACTS
NEWS finance & communication – Jérôme FABREGUETTES LEIB
Investor Relations
Such. : 01 53 67 36 78 / [email protected]
NEWS finance & communication – Serena BONI
Press relations
Such. : 04 72 18 04 92 / [email protected]
Warning :
The company BOOSTHEAT has set up financing in the form of ORA with the company Impact Tech Turnaround Opportunities (ITTO), which, after having received the shares resulting from the reimbursement or exercise of these instruments, is not intended to remain a shareholder of the company.
The shares resulting from the redemption or exercise of the above-mentioned securities will, in general, be sold in the market very quickly, which may create strong downward pressure on the share price.
Shareholders may suffer a loss of their invested capital due to a significant decrease in the value of the company’s stock, as well as significant dilution due to the large number of securities issued to the company Impact Tech Turnaround Opportunities (ITTO).
Investors are advised to be very vigilant before making the decision to invest in the securities of the company admitted to trading which carries out such dilutive financing transactions, particularly when they are carried out successively. The company recalls that this dilutive financing operation is not the first that it has implemented.
[1]
There is no capital link or concerted action between HBR Investment Group, Hugo Brugière and ITTO (or more generally the Alpha Blue Ocean group)
[2]
BOOSTHEAT ANNOUNCES THE ESTABLISHMENT OF AN EQUITY FINANCING LINE
[3]
https://www.boostheat-group.com/fr/communiques-publications/ora
[4]
Excluding the amount of the draw announced today.
[5]
Including, where necessary, shares issued as compensation due to the level of the stock price in relation to the par value of the share.
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Full and original press release in PDF format:
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