on HYBRIGENICS (EPA:ALHYG)
Aton successfully finalizes its financial restructuring
Aton (Euronext Growth Paris - FR0004153930 - ALTAO) announced the finalization of its financial restructuring. This operation includes the conversion of debts into shares via a reserved capital increase, allowing the company to reduce its financial debt.
As of December 31, 2023, Aton had debt of €3.2 million in convertible bond loans and €2.0 million from DMS Group. The debt conversion significantly reduces this debt, allowing Aton to focus on its development.
Aton now has an 18-month cash horizon. Its Board of Directors aims to optimize profitability to revalue the stock price. The company also liquidated its subsidiary Stemcis to free up resources.
The new and existing shareholders have agreed to a 24-month lock-up, demonstrating their confidence in the future of Aton.
R. H.
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