(CercleFinance.com) – Delta Drone announced on Monday the launch of a bond issue of 2.4 million euros intended to enable it to pursue its strategy of returning to equilibrium.
The specialist in civilian drones for professional use specifies that the operation was carried out as part of a simple bond issue reserved for the benefit of certain investors.
It will result, in detail, in the issue of 43,000 bonds with a nominal unit value of 56 euros, offered at a price of 50 euros each.
This operation comes as three of the four branches of the company have now returned to positive results, or close to balance, the group said in a press release.
The company’s financial losses are now concentrated on the group’s parent company, Delta Drone SA, due to operating costs deemed too high in relation to insufficient turnover to cover expenses.
Under these conditions, the company indicates that vigorous actions are in progress in order to lower in a ‘drastic’ way the operating costs.
The objective, according to Delta Drone, is to reach a situation of financial autonomy by the end of the year at the latest without the need for additional recourse to dilutive financing, of whatever nature.
Listed on the Paris Stock Exchange, the Delta Drone share yielded 2.8% Monday at midday.