Hoffmann Green announces the completion of a second issuance of bonds convertible into new shares and/or exchangeable for existing shares (obligations à option de conversion et/ou d'échange en actions nouvelles ou existantes - OCEANE) (the "Convertible Bonds") subscribed by funds managed by Odyssée Venture1 for a nominal amount of approximately EUR 5 million. The Convertible Bonds will expire on 22 May 2029 (the "Maturity Date")

Julien BLANCHARD and David HOFFMANN, Co-founders of Hoffmann Green Cement Technologies, say: "Following on from what we achieved with the Eiffel Investment Group investment fund, we announce today that we are completing the second phase of this financing transaction, structured in two tranches, under comparable conditions. Odyssée Ventures' commitment, an investor specializing in the financing of French growth companies, enables us to support our business growth by investing in our production capacity, R&D and national and international sales offensive. This financing has been completed on advantageous financial terms for both the Company and its shareholders. Odyssée Ventures' interest, following Eiffel Investment Group's, also confirms the attractiveness of our business model. "

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Hoffmann Green Cement Technologies SA published this content on 17 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2024 08:40:01 UTC.