(Boursier.com) — Navya lost 37% to 0.56 Euro in the middle of the afternoon. A fall started in the morning following the announcement of a financing agreement for a total nominal amount of 36 ME with Negma, an investment company based in Dubai in the United Arab Emirates.
This financing will be carried out in the form of bonds convertible into new shares (OCA) to which stock subscription warrants (BSA) are attached. Each OCABSA, with a nominal unit value of 2,500 Euros, will be subscribed by the Negma Group, an investor at par, and will have a maturity of twelve months.
This financing program, which constitutes “a first step in Navya’s investment strategy”, will contribute to the immediate strengthening of its cash flow by exercising a first tranche of 2.5 ME “and will enable it to support its technological roadmap, to succeed in its transition to an industrialization phase and to accelerate its commercial development in regions where the demand for autonomous mobility solutions is growing rapidly”, welcomes the group.
For the time being, investors are retaining its potentially dilutive aspect and the stock is approaching its historic lows at 0.471 Euro… At its current levels, the company now capitalizes just over 20 ME.
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