Hopium issues 50 bonds convertible into shares

In September 2024, Hopium, a French hydrogen player, issued 50 bonds convertible into shares as part of its loan with Atlas Special Opportunities. Each bond has a nominal value of 10,000 euros. This transaction is intended to support the continuation of the company's activities, in particular the development of its hydrogen fuel cell and its engine up to the demonstration on a vehicle in a real environment.

In the event of conversion of these bonds, a shareholder initially holding 1% of the capital would see his stake increase to 0.914% on a non-diluted basis. This could create pressure on the share price.

The funds raised aim to focus resources on research and development, until commercialization planned for early 2025. A follow-up of the bonds and shares issued is offered on the company's website.