(News Bulletin 247) – Vinpai, a specialist in the design, manufacture and marketing of functional ingredients based on algae and plants for the food and cosmetics industries, announces the success of its IPO on the Euronext Growth® market in Paris. Demand from individuals is more than 1 ME.

The capital increase concerns an amount of approximately 7 ME after full exercise of the extension option and the over-allotment option, of which 2.4 ME by compensation of receivables

Settlement-delivery is scheduled for July 18, 2023 and the start of share trading on Euronext Growth® Paris on July 19, 2023.

Cyrille Damany, President and Co-founder of Vinpai, and Philippe Le Ray, Managing Director and Co-founder, declare: ‘This new structuring step will make it possible to accelerate the development of Vinpai, and to support our BtoB customers in order to allow them to respond to the growing concerns of consumers in the face of the challenges posed by current consumption patterns, both in terms of health and well-being and from an environmental point of view’.

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