HOPIUM: Drawing of 100 bonds convertible into shares

HOPIUM, a French player in the Hydrogen sector, carried out between April 15 and May 23, 2024, the drawing of 100 bonds convertible into shares. This drawing is part of the bond loan concluded with the company Atlas Special Opportunities on September 20, 2022 and amended in July 2023.

The funds raised aim to enable HOPIUM to continue its activity as part of the collective procedure opened on July 19, 2023. They will be used in particular for the development of its hydrogen fuel cell and its complete motorization solution. The company hopes to demonstrate a prototype in a representative environment (TRL6) as well as a prototype on a rolling vehicle in a real environment (TRL7).

A table tracking convertible bonds in circulation and shares issued upon their conversion is available on the Company's website.

The issuance of these bonds will have a significant dilutive impact for shareholders, with a significant reduction in the participation of existing shareholders in the event of full conversion of the bonds into shares.