on CIBOX (EPA:CIB)
CIBOX: New line of financing for the Revin site
CIBOX has announced the establishment of a renewable equity financing line of up to €2 million to support the development of its industrial site in Revin. Through a partnership with IRIS, this financing involves the issuance of convertible bonds.
This financial mechanism could exert downward pressure on CIBOX's share price, with a risk of dilution for existing shareholders. The Board of Directors adopted this plan to strengthen equity and meet the working capital needs of the new production site dedicated to electric bicycles.
Investors should be cautious regarding this transaction, given the potential impact on liquidity and the share price. CIBOX undertakes to publish regular information regarding the outstanding warrants and bonds on its website.
R. H.
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