(CercleFinance.com) – Cabasse Group lifted the veil on Friday on a planned capital increase of approximately 1.5 million euros intended to accelerate the development of its subsidiary Cabasse in the audio accessories market luxury.
With the success of its ‘The Pearl’ range of connected speakers, the company believes that it now has all the assets to pursue its development independently in the luxury connected audio segment.
With its capital increase, Cabasse says it wants to open its capital to new investors, institutional and individual.
This capital increase would be carried out at a price of 9.42 euros per new share, the same price as the distribution in kind of the shares of the subsidiary Cabasse to the shareholders of Cabasse Group, which would result in a valuation of 9.7 million euros. euros.
At the same time, Cabasse shareholders who have kept their shares without interruption for 12 months from the date of settlement of the new shares will be given a free share subscription warrant for one share held.
Under the terms of the operation, 10 BSAs would give the right, for a period of three years, to subscribe to one new or existing share of the Cabasse subsidiary.
It is expected that the Cabasse shares will be listed on the Euronext Growth multilateral trading system of Euronext Paris at the same time as they are distributed.
A change in the corporate name of Cabasse Group, which would be renamed ‘Veom Group’, will also be submitted to the shareholders’ vote.