Press release
Paris, April 19, 2024 – 7 p.m.
HOPIUM
DRAWING OF 350 BONDS CONVERTIBLE INTO SHARES
FROM 1
ER
NOVEMBER 2023 TO APRIL 15, 2024 AS PART OF THE LOAN CONCLUDED WITH THE COMPANY ATLAS SPECIAL OPPORTUNITIES
Paris, April 19, 2024 – 7 p.m.
– HOPIUM (the “
Company
), a French player in the Hydrogen sector, proceeded between 1
er
November 2023 and April 15, 2024 for the drawing of 14 new tranches of the bond loan concluded with the company Atlas Special Opportunities on September 20, 2022 and amended in July 2023
[1]
for a total of 350 convertible bonds (the “
OC
“) in shares with a par value of 10,000 euros each.
The funds raised aim to enable the company to continue its activity within the framework of the collective procedure opened on July 19, 2023, by focusing on the development of its hydrogen fuel cell and its complete motorization solution until demonstration of a prototype in a representative environment (TRL6) and the demonstration on a rolling vehicle in a real environment (TRL7) by concentrating its resources on R&D.
A table monitoring the number of OCs in circulation, as well as the number of shares issued upon conversion of the OCs, is kept up to date on the Company’s website (https://www.hopium.com/).
Impact on dilution in the event of conversion of OCs resulting from these drawings
As an indication, following the issue of these 350 OCs, the participation of a shareholder holding 1% of the share capital prior to the issue would be 0.333% on an undiluted basis (calculation carried out on the basis of a number of shares as of April 18, 2024 of 58,373,570 shares, a stock price as of April 18 of €0.030, and a creation of 116,666,667 shares):
|
In % |
Shareholder participation in % | |
|
Undiluted base |
Diluted base* | |
|
Before issuance of OCs | 1.00% | 1.00% |
|
After issue of 116,666,667 new shares resulting from the conversion of 350 OC | 0.333% | 0.333% |
assuming the full exercise of the 510,000 share subscription warrants issued and allocated by the Company for the benefit of LDA Capital Ltd, giving right to the subscription of 510,000 new shares
|
Impact on dilution in the event of conversion of all of the OCs from the remaining drawings (i.e. 725 OCs): |
Based on the stock price (€0.030) | |||
|
Shareholder participation in % |
Undiluted base | |||
Diluted base* | 1st tranche | Total Slice | 1st tranche | |
|
Total Slice | Before issuance of OCs | 1.00% | 1.00% | 1.00% |
|
1.00% | After issue of 241,666,667 new shares resulting from the conversion of 725 OC (TOTAL TRANCHES) | 0.195% | ||
|
0.194% | After issuance of 8,333,333 new shares resulting from the conversion of 25 OC (1 TRANSFER) | 0.875% | ||
|
0.868% |
Based on the nominal value (€0.01) | |||
|
Shareholder participation in % |
Undiluted base | |||
Diluted base* | 1st tranche | Total Slice | 1st tranche | |
|
Total Slice | Before issuance of OCs | 1.00% | 1.00% | 1.00% |
|
1.00% | After issue of 725,000,000 new shares resulting from the conversion of 725 OC (TOTAL TRANCHES) | 0.075% | ||
|
0.074% | After issuance of 25,000,000 new shares resulting from the conversion of 25 OC (1 TRANSFER) | 0.700% | ||
0.696%
assuming the full exercise of the 510,000 share subscription warrants issued and allocated by the Company for the benefit of LDA Capital Ltd, giving right to the subscription of 510,000 new shares
Warning :
HOPIUM has set up financing in the form of bonds convertible into shares with Atlas Special Opportunities which is not intended to remain a shareholder of the Company, after having received the shares resulting from the conversion of the securities. The shares resulting from the conversion of the above-mentioned securities will, in general, be sold on the market very quickly, which is likely to create strong downward pressure on the share price as well as strong dilution. Shareholders are therefore likely to suffer a loss of their invested capital due to a significant decrease in the value of the Company’s shares.
About Hopium:
Hopium is a provider of complete hydrogen fuel cell electric power solutions for heavy transport. Committed to the search for a low-carbon and efficient alternative for heavy mobility, Hopium aims to revolutionize the sector through the marketing in early 2025 of a range of modular solutions with a power of 100 kW to 400 kW.
Next appointments:
April 22, 2024: 2023 annual results |
www.hopium.com
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Contact :
Investor relations
S.Kennis and J.Gacoin
Important information
This announcement and the information it contains constitute neither an offer to sell or subscribe, nor the solicitation of a purchase or subscription order for securities of the Company in any country, nor on the part of the Company or anyone else.
The publication or distribution of this announcement may, in certain jurisdictions, be restricted. Recipients of this announcement in jurisdictions where this announcement has been published or distributed should inform themselves of and observe any such restrictions.
This announcement does not constitute an offer of securities or any solicitation to purchase or subscribe for securities nor any solicitation to sell securities in the United States of America. The securities subject to this announcement have not been and will not be registered within the meaning of the US Securities Act of 1933, as amended (the “
U.S. Securities Act
[1]
“) and may not be offered or sold in the United States of America without registration or an exemption from the registration requirement under the US Securities Act. The Company does not intend to register all or part of the securities mentioned in this announcement in the United States of America or to make any public offering in the United States of America.
The distribution of this announcement in certain countries may constitute a violation of the legal provisions in force. The information contained in this announcement does not constitute an offer of securities in the United States of America, Canada, Australia or Japan.
Press release dated 07/21/23 “Signature of an amendment to the convertible bond financing contract concluded with the company Atlas Special Opportunities”
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Full and original press release in PDF format:
https://www.actusnews.com/news/85177-2024_04_19_hopium_tirages-oc_atlas_nov_15avril_vdef.pdf
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