BOOSTHEAT's final fundraising for €175K

French company BOOSTHEAT, specializing in energy efficiency, has announced a final fundraising of €175,000 by drawing a tranche of 70 ORA. This transaction, subscribed by Impact Tech Turnaround Opportunities, marks the end of this financing contract.

This fundraising aims to support the company's turnaround plan. It could result in the creation of 355,756 new shares. Current shareholders will see their stake diluted, from 1% to 0.86% for example.

Since the start of these issues, BOOSTHEAT has raised €7,820,000 and created more than 2.1 billion new shares. The dilutive impact of this approach is significant, and the terms are detailed in a previous press release.

The role of the investor is to enable a gradual fundraising. Attention is drawn to the risks relating to BOOSTHEAT's activity, detailed in the 2022 Annual Financial Report. The company remains confident in its ability to honor its financial commitments in the short term.