Hopium draws 75 bonds convertible into shares

Hopium, a French hydrogen specialist, announced on August 30, 2024 that it had drawn three new tranches of its loan with Atlas Special Opportunities, representing 75 convertible bonds (OC) into shares. Each OC has a nominal value of 10,000 euros, for a total of 750,000 euros.

The funds will allow the company to continue its operations under the collective procedure opened in July 2023. Hopium will focus on the development of its hydrogen fuel cell and its engine, with demonstrations in a real environment. The monitoring of the OCs and converted shares is available on their website.

The conversion of these OCs will result in a dilution of shareholders. For example, a shareholder holding 1% of the capital before the issue would see his stake decrease to 0.881% on a non-diluted basis, after the issue of 39,062,500 new shares.