on SAFE (isin : FR0013467123)
SAFE SA strengthens its financing for its strategic recovery
SAFE SA has signed an amendment n°3 with Global Corporate Finance Opportunities 20 for its bond financing agreement. This new agreement aims to accelerate the drawing of the OCEANE convertible bonds and to increase SAFE's financial commitment to approximately €3.3 million. This signature comes in a context of difficulties for SAFE, whose objective is to support the recovery plans of Safe Medical and Safe Orthopaedics. The financing obtained must cover the first instalments of these plans.
The GCFO 20 commitment includes the drawing of twenty additional tranches of OCEANE, including one at €418,000, and nineteen others of €209,000 each. The expected net proceeds amount to approximately €2.85 million. Despite this financing, shareholders should remain vigilant regarding the risk of dilution and potential declines in the SAFE share price.
R. E.
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