Scienza e Tecnologia
Tonner Drones Ready to Relaunch
Tonner Drones Ready to Relaunch
Cannes, 19 March 2024 18:00
With the subscription period for the Tonner Drones (FR001400H2X4 - ALTD) rights issuance open, the company provides the following information regarding its financial operations and overall strategy as it prepares to relaunch.
The Tonner Drones rights issuance is now open through close of markets on 27 March (the “ Subscription Window ”). Additional information can be found in the two press releases of 12 March. The company welcomes the support of all shareholders in this financial operation.
This rights issuance is the culmination of several months of financial restructuring that has resulted in the following measures designed to solidify and stabilize the financial position of the company:
Tonner Drones is pleased that it was able to successfully launch the rights issuance with the firm support of its main shareholder and guarantors. Their support ensures that the company reaches its financial target of €5 million.
To date, Tonner Drones has received positive feedback from shareholders regarding their participation in the rights issuance given that they have priority in participating during the Subscription Window and then sharing in the company's relaunch.
With this significant financial restructuring complete, and the Subscription Window open, Tonner Drones can begin to shift its focus to the following strategic initiatives:
With a current share price of over € 0.20, shareholders can buy shares at a 90% discount when they use their preferential subscription right (“ PSR ”) to subscribe to new shares. As a reminder, for every 1 share they own, current shareholders can buy 120 new shares at a price of € 0.025.
New investors can also buy PSR (FR001400ONI6) in the market to allow them to subscribe to the new shares. All investors can subscribe under 'titre libre' to buy shares at € 0.025 but those orders will only be executed in the event that not all PSR are used to subscribe to the rights issuance.
Please note that the PSR will have their last day of trading at the close of trading on 25 March. The Subscription Window, however, for those shareholders with PSR, will remain open until the close of trading on 27 March. Shareholders and investors are advised to speak their respective banks or other advisors regarding precise deadlines, as some financial institutions may have more restrictive deadlines.
In the press release of 12 March, a remaining debt of around € 6.25 million was communicated. This figure needs to be corrected because the participation of Ott Heritage was not taken into account when calculating it. Ott Heritage has committed to participating in the rights issuance for a minimum of € 1 million to maintain its 20% stake. As such, the remaining debt is only € 5.25 million. All debt has a long maturity.
As a final note, € 2.1 million of this outstanding € 5.25 million in debt is owed to legacy financing party Fiducie A, which is capped at 13.5% of the daily volume and has a monthly fixed conversion price to limit its influence on the stock market price.
All information can be found in the press release of March 12 https://tonnerdrones.com/wp-content/uploads/2024/03/CP_Lancement_AK_DPS_TonnerDrones_FR_Final.pdf.
There is also a FAQ available:
https://tonnerdrones.com/wp-content/uploads/2024/03/FAQ_DPS_SiteWeb_TonnerDrones.pdf
About Tonner Drones : Tonner Drones (formerly Delta Drone) develops UAVs and associated technologies for the defense and homeland security sectors. Tonner Drones holds valuable stakes in some of France's leading civilian and military drone manufacturers. Tonner Drones' strategy is to leverage its shareholdings in these companies through active asset management, a private equity fund, and by teaming up with other private equity funds to become a significant industry consolidator. Additional revenues can be achieved through royalties from patents held by Tonner Drones to recognized manufacturers. Tonner Drones does not plan on owning a factory; however, it is determined to retain R&D for its products and systems in France.
Tonner Drones' shares are listed on Euronext Growth Paris (ISIN code: FR001400H2X4).
More information at www.tonnerdrones.com
If you would like to find out more, or if you are interested in a partnership: contact@tonnerdrones.com
Contact
Attachment
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti