Aconnic AG Plans Capital Increase and Convertible Bond Issue

Munich-based aconnic AG announced plans to strengthen its financial structure by raising 18 million EUR through a capital increase and the issuance of a convertible bond. The company plans to issue approximately 7 million new shares at a subscription price of 1.30 EUR per share to raise 9 million EUR.

A convertible bond will also be offered, valued at 9 million EUR, with a seven-year term and an interest rate of 9% per annum. Shareholders will be invited to an extraordinary general meeting in April 2025 to approve these capital measures.

CEO Werner Neubauer stated that the transaction is designed to bolster the company's equity, reduce debt, and support product development and international expansion. These capital measures will potentially dilute existing shares less, benefiting current investors.