(Boursier.com) — Sirius Media carries out an issue of bonds convertible into shares (OCA) for the benefit of the Atlas Special Opportunities investment fund for an amount of 2 million euros.
This issue aims to finance the Group’s developments and includes a period of 90 days during which Atlas Special Opportunities will not be able to convert the bonds into shares.
“In the past we had already used convertible bond financing with the Entrepreneur Invest fund, which we repaid in full in 2023, this allows us to increase our equity and therefore to better negotiate additional bank financing. This temporary financing and limited will be mainly dedicated to supporting our subsidiaries and the launch of ‘Zak and Wowo, the Legend of Lendarys’. Furthermore, in the event of conversion of bonds into shares, the ‘lock-up’ period allows us to carry out. the launch of our first animated film and to avoid any dilution during the next three months”, declares Paul Amsellem, President of Sirius Media.
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