HOPIUM Issues 125 Convertible Bonds to Finance Its Development

Hopium, a French player in the hydrogen sector, has announced the issuance of 125 bonds convertible into shares, worth €10,000 each. This operation took place between October 1 and 25, 2024. It is part of a bond issue in partnership with Atlas Special Opportunities, initially concluded in 2022.

The funds raised are intended to support the company's research and development activities, particularly on its hydrogen fuel cell technology. Efforts are focused on putting high-tech powertrain solutions into production, despite the context of the collective procedure initiated in July 2023.

This financing could result in significant dilution for current shareholders, impacting the value of their shares. Atlas Special Opportunities, after conversion of the bonds, is expected to sell the shares on the market, potentially under strong downward pressure.