Poxel: end of series after announcements

(Boursier.com) — poxels , which remained on six sessions of growth fell 3.8% to 2 euros at the start of the day in Paris after the announcement of the signing of an agreement with IPF aimed at restructuring the existing debt and the establishment of a equity financing line with IRIS for a maximum amount of 6 million euros. Based on these two agreements, the Company estimates that its resources will be sufficient to finance its operations and its capital expenditure needs at least until February 2023. As of June 30, 2022, cash and cash equivalents amounted to 16.1 million euros.

Degroof Petercam (‘purchase’) believes that the main novelty of this first half is indeed this financing strategy, which it considers necessary for the company given its cash position. However, it is not ideal for current shareholders, given the nature of the investor and the expected future dilution.