ELARIS AG Growth Finance Plans: Parent Company to Issue Bonds

On 22 April 2024, ELARIS AG, a German technology firm, announced a significant financial strategy to bolster its growth. Elaris Holding GmbH, which holds 91.1% of ELARIS AG’s shares, intends to issue corporate bonds worth up to EUR 15 million. This financial move aims to fund the ongoing expansion and strengthen the working capital of ELARIS AG.

The planned bond offering, comprising 15,000 bearer bonds with each having a nominal value of EUR 1,000.00, targets selected investors within the European Economic Area through a private placement. Currently, there is no intention to list these bonds on any stock exchange. The bonds will be secured by pledging shares held by Elaris Holding in ELARIS AG.

Proceeds from this issuance are earmarked for potential cash capital increases of ELARIS AG and/or the granting of shareholder loans. The Management Board of ELARIS AG has expressed full support for this initiative, recognizing it as a crucial step towards financing EALRIS AG’s future endeavors.