Hopium processes a second tranche of 200 bonds convertible into shares



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Paris, January 10th, 2023 - HOPIUM (the "Company"), the first French manufacturer of high-end hydrogen vehicles, has conducted a drawing for a second tranche of 200 convertible bonds (the "CB") with a nominal value of 10,000 euros each, as part of the agreement with Atlas Special Opportunities, LLC on September 20th, 2022.

Just like the funds received during the drawing of the previous tranche, the issuance of the CBs is intended to provide the Company with the human and technological resources necessary to support its growth. The funds raised will be primarily used to finance R&D expenses for the development of the technological platform, including the high-power fuel cell. In addition, as part of its development financing, the Company will continue to explore other sources of financing, including market appeals.

The terms of the CBs are described in the press release published by the Company on September 21st, 2022. This financing line is implemented on the basis of the twentieth resolution approved by the mixed general meeting of the Company's shareholders on June 20th, 2022. A tracking table of the number of CBs in circulation and the number of shares issued upon conversion of the CBs is kept updated on the investor page.

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