(CercleFinance.com) – Wallix, a cybersecurity software publisher, announced on Friday that it had completed a fundraising of 10.5 million euros, a dilutive operation which caused its share price to fall sharply.
The operation took the form of a capital increase of 5.5 million euros from institutional investors and individuals via the PrimaryBid financing platform.
This is an amount greater than the four million euros that the group initially anticipated.
To this amount must be added a bond loan convertible into shares of five million euros to be subscribed by the NextStage development capital fund.
The new shares, which represent approximately 8.8% of the capital before the capital increase and 8.1% after its completion, were placed at a price of 10.50 euros per share.
The latter represents a discount of 16% compared to yesterday’s closing price, not to mention the dilutive impact of the transaction: the participation of a shareholder holding 1% of the capital before the transaction will be reduced to 0.92 %.
The proceeds from the fundraising are intended to finance its external growth strategy.
Around 1:45 p.m., the stock fell by more than 12% in volumes representing more than 20 times those traded, on average, over the first four sessions of the week.
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