Lucibel SA announced that it has entered into financing agreement to issue redeemable share subscription warrants for gross proceeds of 1.7 million on July 21, 2022. The transaction will include participation from Nice & Green SA. The financing program consists of 5 equal tranches of 300,000 redeemable share subscription warrants by issue of a maximum of 1,500,000 redeemable share subscription warrants.
The unit subscription price of each redeemable share subscription warrants is equal to 20% of the volume-weighted average price of 10 trading sessions immediately preceding the date of subscription of a tranche of redeemable share subscription warrants and will be paid by investor to company on the subscription date. The issue subject to the approval of the AMF.