HOPIUM enters into new financing agreement with Atlas Special Opportunities

On October 11, 2024, the French company Hopium announced the signing of an amendment to the convertible bond financing agreement, initially concluded with the company Atlas Special Opportunities in 2022. This new agreement aims to ensure the financing of Hopium until the commercialization of its fuel cell in the first quarter of 2025.

The amendment provides for the cancellation and replacement of existing convertible bonds for an amount of EUR 3.5 million. In addition, 16 tranches of convertible bonds will be issued, accompanied by share subscription warrants for the first six tranches, for a potential total of EUR 4 million.

Hopium shareholders could experience substantial dilution and pressure on the share price. Investors are therefore urged to be vigilant. This financing is part of the collective proceedings opened in July 2023.