on GECI INTERNATIONAL (EPA:ALGEC)
GECI International successfully completes its public offering of bonds with warrants
GECI International has announced the success of its public offering of bonds with warrants (OBSA), reaching €1.79 million after extension. The offer initially planned at €1.697 million was oversubscribed, leading to a raising of €1.785 million.
Scheduled for issue on February 18, 2025, each OBSA includes a simple bond and 20 warrants, exercisable until May 2026. The bonds bear interest at 12% and will be amortized monthly starting in March 2025.
GECI plans to use these funds to accelerate its development in strategic markets, such as High Performance Computing and Smart Cities. The support of investors strengthens its financial position to increase its performance in sectors such as Big Data and solutions for smart cities.
R. H.
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