Largo raises 4 million euros via convertible bonds

Largo, a company specializing in the reconditioning of high-tech products, announced the issue of convertible bonds amounting to 4 million euros. This operation is part of its growth strategy and aims to strengthen its financial resources.

The funds raised will allow Largo to accelerate its high value-added channels, optimize its industrial management and improve its financial indicators, already on the rise in 2023.

The bonds, subscribed by Eiffel Investment Group, are convertible into ordinary shares, offering investors a premium of 27.2% compared to the weighted average of the last five trading sessions.

This issuance strengthens Largo's position in the booming high-tech remanufacturing market, while supporting a circular economy and reducing the industry's carbon footprint.