(AOF) – Europlasma proceeded this Friday to draw 2 tranches of 100 bonds convertible into new shares (OCA) to be issued by the Company, corresponding to tranches 25 and 26, representing a total nominal amount of bond loan of 2 million euros. euros, as part of the contract to issue 10,000 OCA warrants with attached stock warrants, if any, concluded between Europlasma and Global Corporate Finance Opportunities 11 on April 16, 2021.
The financing program, for a maximum amount of 100 million euros over 7 years, must be used, for 75%, to finance new value-generating projects.
As such, the funds from this draw will be allocated to investments on the Forges de Tarbes site, the continuation of the Gerzat forges project, as well as the acquisition of the business and tangible and intangible assets. of SATMA PPC for an amount of 100,000 euros, including 50,000 euros for inventory valued at nearly 3.5 million euros, with the takeover of all staff.
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