(News Bulletin 247) – Carbios announces the success of its capital increase with maintenance of preferential subscription rights for an amount of around 141 million euros. This is the largest capital increase on Euronext Growth since 2015, the company points out.
The Capital Increase with Maintenance of PSR will give rise to the issue of 5,558,695 new shares at a subscription price of 25.32 euros per New Share.
The net proceeds from the issue of the New Shares are primarily intended to finance, up to approximately 85% of the initial amount of the Offering, the construction of the first plant, the processing capacity of which is estimated at 50,000 tonnes per year and for which the investment is estimated at around 230 million euros.
The balance of the net proceeds from the issue of the New Shares, representing approximately 15% of the initial amount of the Offer, supplemented by the net proceeds from the full exercise of the extension clause, will be used by the Company to finance the expenses related to its R&D activities specific to PET and to accelerate the deployment of its research activities for other polymers and/or other applications of its technologies.
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