(News Bulletin 247) – Global Bioenergies announces today the renewal of its equity financing line with Kepler Cheuvreux, a European financial services company.
This financing solution with Kepler Cheuvreux has already proven itself at Global Bioenergies: the two-year contract signed in August 2020 has raised 13.6 million euros, and over the same period the valuation of Global Bioenergies has doubled.
In accordance with the terms of the agreement, Kepler Cheuvreux has undertaken to subscribe on its own initiative to a maximum of 2,490,000 shares, representing an indicative issue amount of 11 million euros over a maximum period of 24 months. , provided that the contractual conditions are met.
Global Bioenergies specifies that it retains the possibility of suspending or terminating this agreement at any time.
‘ A financing line such as the one renewed today with our partner Kepler Cheuvreux will reinforce, in a flexible and modular way, the available cash (7.3 million euros to date), and will complete the range of financing tools necessary for our development”, commented Samuel Dubruque, Administrative and Financial Director of Global Bioenergies.
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