HOPIUM: Drawing of 50 Bonds Convertible into Shares

HOPIUM, a French player in the Hydrogen sector, announced the drawing of 50 bonds convertible into shares between July 6 and 31, 2024. This operation, concluded with Atlas Special Opportunities, is part of a loan dating from September 2022 and amended in July 2023.

The funds raised will allow HOPIUM to continue its activity in collective procedure, focused on R&D for the development of its hydrogen fuel cell and its complete motorization solution, up to the demonstration on a rolling vehicle in a real environment (TRL7).

A tracking table for convertible bonds and shares issued is available on the company's website. The conversion of the 50 bonds will slightly affect shareholder participation, with a dilution of 1% to approximately 0.917%.

HOPIUM warns that this type of financing could result in a decline in the stock price and dilution for shareholders. Investors should be aware of the potential risks associated with the significant reduction in share value.