Tonner Drones Formalizes the End of Equity-Line
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Tonner Drones Formalizes the End of Equity-Line
Cannes, 12 September 2024 08:00, Tonner Drones (the “Company”) is pleased to announce that it has achieved a historic milestone by formalising the termination of the last variable pricing financing instrument and stopping further dilution.
As announced in the Press Release1 of 9 September 2024, formalising the termination agreement with the Fiducie A trust regarding the last variable pricing financing instrument (the “Agreement”) would take a maximum of 5 days. All relevant amounts have now been transferred, final signatures have been exchanged, and the Agreement has been completed.
The highlights are as follows:
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D.M. van den Ouden, board director, is the new owner of the € 1.49M contract (the “Contract”) formerly held by the Fiducie A trust
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The right to make conversions has been removed from the Contract
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The new interest rate under the Contract has been reduced to 4% per year from 12% per year and the maturity has been extended to 30 June 2026
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The Company is no longer subject to any further dilutive variable pricing financing instruments.
End of press-release
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Press-release September 9th:
About Tonner Drones: Tonner Drones (formerly Delta Drone) develops UAVs and associated technologies for the defense and homeland security sectors. Tonner Drones holds valuable stakes in some of France's leading civilian and military drone manufacturers. Tonner Drones’ strategy is to leverage its shareholdings in these companies through active asset management, a private equity fund, and by teaming up with other private equity funds to become a significant industry consolidator. Additional revenues can be achieved through royalties from patents held by Tonner Drones to recognized manufacturers. Tonner Drones does not plan on owning a factory; however, it is determined to retain R&D for its products and systems in France.
Tonner Drones’ shares are listed on Euronext Growth Paris (ISIN code: FR001400H2X4).
More information: [email protected] / www.tonnerdrones.com
Tonner Drones
Diede van den Ouden
Communication financière
[email protected]
Warning
Regarding the merits of any transaction or the making of any investment decision. It does not constitute or include any confirmation or commitment by Tonner Drones (or any other person) regarding the present or future value of TonnerDrones' business, its securities, its subsidiaries or any other assets of TonnerDrones.