LION E-Mobility AG: Convertible Bond Partially Converted

LION E-Mobility AG has announced a partial conversion of a convertible bond. Ian Mukherjee has converted a portion of his loan agreement, initially totaling EUR 3,328,695.65. In exchange, LION E-Mobility AG will issue 3,000,000 new registered shares. These shares carry a nominal value of CHF 0.13 each. This conversion will increase the company's share capital to 18,375,633 shares. Additionally, the company's liabilities will decrease by the amount converted. The decision was confirmed by Alessio Basteri, Chairman of the Board of LION E-Mobility AG.

As a manufacturer of lithium-ion battery packs, LION E-Mobility AG focuses on electric vehicles and stationary applications. This move is part of their ongoing financial strategy.