HOPIUM: Draw of 100 Bonds Convertible into Shares

Paris, July 8, 2024 – The company Hopium, a French player specializing in hydrogen, carried out the drawing of 100 convertible bonds between June 11 and July 5, 2024. These bonds, with a nominal value of 10,000 euros each, are part of the loan contracted with Atlas Special Opportunities, initially signed in September 2022 and amended in July 2023.

The funds raised will allow Hopium to continue its development, particularly within the collective procedure opened in July 2023. The emphasis will be placed on research and development to demonstrate the prototypes of their hydrogen fuel cells in real conditions (TRL6 and TRL7) .

The conversion of these bonds could result in significant dilution. For example, a shareholder holding 1% of the capital before the issue could see his participation decrease to 0.713%, depending on the terms of current and future conversions.