VAZIVA SA issues convertible bonds for 8 million euros

VAZIVA SA, a specialist in the digitization of employee benefits, announces the issuance of convertible bonds (OCAs) through a private placement for €8 million. The bonds, available from March 30 to May 30, 2026, offer an annual interest rate of 7% with a three-year maturity. Each bond, with a nominal value of €1,000, can be converted into 22 new shares. If not converted, the bonds will be redeemed at maturity. This transaction aims to support VAZIVA's European expansion and strengthen its technical and sales teams.

The issue is intended for qualified investors, such as convertible bond funds and hedge funds. The bonds will be listed on Euronext Access in Paris, without a prospectus submitted to the AMF (French Financial Markets Authority). Full conversion of the bonds could result in a dilution of the share capital of approximately 6.5%.