Tonner Drones Reduces Interest Rate on Debt

Tonner Drones has announced a significant reduction in its interest rate, from 12% to 4% per annum, for its OS2 financial debt. This decision, taken following an agreement with creditors, transforms the debt into a bond with warrants. In total, 17,296 bonds were issued for a total of €1.736 million, with a maturity in June 2026.

If all warrants are exercised, 207.5 million shares will be issued at a price of €0.0125, repaying 75% of the debt and generating €1.297 million in cash. Diede van den Ouden, CEO, personally contributed €380,000 to this transaction.

The interest rate reduction is aimed at achieving profitability of the company by 2025. However, the implementation depends on the approval of the auditors.