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HOPIUM: Uncertainties over the recovery plan and alternative financing

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Hopium postpones the presentation of its recovery plan to the Paris Commercial Court. Initially scheduled for January 16, 2025, this hearing, conditional on a capital increase of €8 million, is encountering obstacles. To date, subscription commitments covering at least 75% of this amount have not been fully guaranteed, placing the company in a difficult position to secure its financing.

Faced with this situation, Hopium is exploring alternative financing, although dilutive for its shareholders. The ongoing negotiations may allow the presentation of a new plan at the hearing. The support of creditors and shareholders remains crucial for the deployment of their fuel cell technology. Hopium will announce developments post-hearing, without major changes to the repayments planned for creditors.

R. P.

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