Tonner Drones Substantially Lowers Interest Rate On Debt

Tonner Drones Substantially Lowers Interest Rate On DebtSchiltigheim, October 25th 2024 8:00, Tonner Drones ('the Company') is pleased to announce that it has reached an agreement with it's debt holders to substantially lower interest rates. The total debt of around €1,75M in the OS2-product has now been terminated.The OS2-debt had a 12% interest which is now brought down to a more sustainable 4% per annum.The new debt consists of a bond, combined with warrants. The characteristics...

Cannes, 25/10/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

Tonner Drones Substantially Lowers Interest Rate On Debt

Schiltigheim, October 25th 2024 8:00, Tonner Drones ('the Company') is pleased to announce that it has reached an agreement with it's debt holders to substantially lower interest rates.

The total debt of around €1,75M in the OS2-product has now been terminated.
The OS2-debt had a 12% interest which is now brought down to a more sustainable 4% per annum.
The new debt consists of a bond, combined with warrants. The characteristics are as follows:

In case all BSA will be exercised, 207.552.200 shares will be issued against the exercise price of €0,0125. This will repay 75% of the debt and will generate €1.297.200 in cash for the Company. CEO and president of the board, Diede van den Ouden, participated in this transaction for about €380.000. All remaining financial debt is in possession with the CEO and president of the board.

“I would like to thank our investors. These investors have noticed the good progress from the Company in the last months. They acknowledge the reduced risks by lowering interest rates and they are confident about the new strategy.” Van den Ouden said. “ The reduction of this interest rate will help us to reach our goal to become profitable in 2025.”

The placement of the new bonds will be subject to approval by the auditor.

End of Press-Release

About Tonner Drones : Tonner Drones (formerly Delta Drone) develops technologies for the logistics sector. Tonner Drones holds valuable stakes in some promising French drone manufacturers. Tonner Drones' strategy is to leverage its shareholdings in these companies through active asset management. Additional revenues can be achieved through royalties from patents held by Tonner Drones. 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 / contact@tonnerdrones.com

Tonner Drones
Diede van den Ouden
Communication financière
investors@tonnerdrones.com

Warning

Regarding the merits of any transaction or the making of any investment decision. It does not constitute or include any confirmation or commitment by Tonner Drones (or any other person) regarding the present or future value of Tonner Drones ' business, its securities, its subsidiaries or any other assets of Tonner Drones .

This press release contains forward-looking statements based on current beliefs and expectations regarding future events. These forward-looking statements may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and/or expectations regarding future financial results, events, operations and services. and product development, as well as statements regarding performance or events. These statements are generally identified by the terms "expect", "anticipate", "believe", "intend", "estimate", "plan", "project", "may", "should" or the negative form of these and other similar expressions. These statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions regarding Tonner Drones and its subsidiaries and investments, trends in their businesses, future capital expenditures and acquisitions, developments relating to contingent liabilities, changes in global economic conditions or Tonner Drones ' principal markets, competitive market conditions and regulatory factors. The realization of these events is uncertain; their outcome could turn out to be different from that envisaged today, which is likely to significantly affect the expected results. Actual results may differ materially from those anticipated or implied in these forward-looking statements. Any forward-looking statements contained in this press release are made as of the date of this press release. Except as required by applicable law, Tonner Drones undertakes no obligation to revise or update any forward-looking statements, taking into account new information or future events.

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