LAIQON AG Strengthens Equity Position Amid Successful Capital Measures

LAIQON AG, identified by ISIN DE000A12UP29, has achieved significant progress in its financial restructuring. NuWays AG has updated its recommendation for LAIQON AG to "Buy" with a target price of EUR 8.70 over the next 12 months, as analyzed by Henry Wendisch.

In May, LAIQON's convertible bond showed an 80% conversion rate, reflecting strong investor confidence. This resulted in the issuance of 618,000 new shares, while maintaining a minor cash outflow of €1.28 million for remaining bondholders.

Furthermore, LAIQON successfully placed 928,000 new shares at €6.25 per share, leading to gross proceeds of €5.8 million. A 20% premium to market price underscores investor appetite. The new shares were largely subscribed by management and new investors.

These measures increased the total shares by 8.8% and improved the net debt position. Although the EBITDA for FY'24 is expected to remain negative, significant improvements are anticipated for FY'25, driven by sales growth and operational efficiencies.