on DRONE VOLT (EPA:ALDRV)
DRONE VOLT raises 5 million euros to strengthen its financial structure
DRONE VOLT announces a €5 million capital increase aimed at consolidating its financial structure and expanding its presence in the United States. This transaction results in the issuance of 12,048,193 new shares, each with a subscription warrant, reserved for the investor Armistice Capital Master Fund Ltd.
Seeking new opportunities in the American market, DRONE VOLT aims to take advantage of a favorable environment for drone manufacturers. The transaction will ease access to the American market and contribute to the company's goal of achieving positive EBITDA by 2025.
Marc Courcelle, CEO, emphasizes the strategic importance of this increase in the context of DRONE VOLT's development in the United States. The settlement and delivery of the shares is scheduled for April 2, 2025.
R. H.
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