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HOPIUM announces the drawing of 350 convertible bonds to support its development

The company HOPIUM, specializing in hydrogen technologies, carried out the drawing of 350 bonds convertible into shares between November 1, 2023 and April 15, 2024. This financial mechanism, concluded with Atlas Special Opportunities, aims to raise essential funds for the continuation of the company's activities while strengthening its research and development efforts, particularly for the development of an advanced hydrogen fuel cell prototype.

The aim of the operation is to finance the continued development of hydrogen engine solutions until the implementation of a functional prototype. Under the terms of the loan, the bonds, with a nominal value of 10,000 euros each, could significantly increase the number of shares in circulation, leading to potential dilution for existing shareholders.

HOPIUM has specified that these funds are crucial for the maintenance of its operations following the opening of collective proceedings in July 2023. However, in the event of full conversion of these bonds, shareholders could see their participation considerably reduced. HOPIUM also points out that the converted securities will likely be sold quickly, putting pressure on the share price.

R. E.

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