on BOOSTHEAT (EPA:ALBOO)
BOOSTHEAT: Fundraising of €125K
BOOSTHEAT, a French company specializing in energy efficiency, recently raised €125,000 through a tranche of 25 OCEANE bonds, subscribed by Impact Tech Turnaround Opportunities (ITTO). This transaction is part of the contract signed in November 2024.
The funds raised will be used to develop and implement an ambitious strategic roadmap, driven by the new CEO. This issue could generate up to 108,649,381 new shares. However, the transaction results in a dilution of the stake of existing shareholders, with a shareholder holding 1% seeing their share reduced to 0.97%.
Despite the potential dilutive impact, BOOSTHEAT believes it can manage its future financial obligations with this line of financing.
R. H.
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