Vergnet launches new financing tranche with ATLAS Capital Markets

On October 4, 2024, Vergnet, a French specialist in renewable energies, announced the drawing of the sixth tranche of 350 Bonds Convertible into New Shares (OCA), for a total amount of 350,000 euros. This operation is part of the agreement with ATLAS Capital Markets and aims to finance the company's working capital needs. CEO Jérôme Gacoin emphasizes that this financing is crucial to manage the liabilities accumulated over the years.

The issuance of the OCAs could have a significant impact on the investment of a shareholder holding 1% of Vergnet's capital. Before the issuance, this shareholder's stake amounts to 1%, but could decrease significantly after the conversion of the OCAs into new shares.