(News Bulletin 247) – The stock is plunging as a massive influx of securities, amounting to tens of billions of units, will occur in the coming days. Which will massively dilute shareholders.

Reality is finally catching up with Atos stock. This Friday, the action fell sharply by more than 98% to 0.0027 euros.

Remember that the digital services company announced at the beginning of the week that it had completed its capital increase, amounting to 233 million euros, launched at the beginning of November. This call to the market is part of an accelerated safeguard plan which was approved by the Nanterre Commercial Court on October 24.

The market was able to correct in anticipation of a massive influx of securities. On December 10, the settlement and delivery of the new shares issued as part of this capital increase of 233 million euros will take place. Around 64 billion shares will thus arrive on the market. Against around 111 million shares currently. Note that in the first version of the press release announcing the fundraising, i.e. on November 8, settlement-delivery was initially scheduled for December 6, i.e. today, before an update of this document on November 25. , pushing the date back to Monday, December 10.

A strong dilution to come

In any case, with all the operations planned as part of the company’s recapitalization, around 220 billion shares will be issued in total, according to Invest Securities, leading to heavy dilution. The company put it at more than 99% in November.

As we wrote in a previous article, the share price (until this Friday) was much too high and thus had to plunge to take into account this mega-dilution. To give an idea, at Wednesday’s closing price (0.178 euros) Atos would have had a theoretical post-restructuring market capitalization of 40 billion euros, more than Stellantis. Which is obviously absurd.