Hopium performs a draw for a slice of 200 convertible bonds into shares as part of the loan agreement with Atlas Special Opportunities company
Paris, January 31, 2023 - HOPIUM (the "Company"), the leading French manufacturer of high-end hydrogen vehicles, has drawn a third tranche of the bond loan agreement with Atlas Special Opportunities Company, which was concluded on September 20, 2022, consisting of 200 convertible bonds (the "CBs") with a nominal value of 10,000 euros each.
Just like the funds received from the previous tranche draw, the CBs issuance is intended to provide the Company with the human and technological resources necessary to support its growth. The funds raised will primarily be used to finance R&D expenses for developing the technology platform, including the high-power fuel cell and operating expenses.
Moreover, as part of its new strategic plan, the Company will continue exploring other financing sources, including through market calls and/or industrial partnerships.
The terms of the CBs are described in the press release published by the Company on September 21, 2022. This financing line is implemented based on the twentieth resolution approved by the Company's joint general shareholders meeting on June 20, 2022. A tracking table of the number of CBs in circulation and the number of shares issued upon conversion of the CBs is updated on the investors page.
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