Egide's Successful €1.67M Capital Increase

The Egide Group announced the successful completion of its capital increase through the issuance of shares with warrants, raising €1.67 million. With a subscription rate of approximately 92.5%, Egide issued a total of 3,341,375 new shares with warrants. This initiative was endorsed by the Board of Directors on October 21, 2024, with a subscription period from October 29 to November 6, 2024.

CEO David HIEN expressed gratitude towards shareholders and partners, highlighting that the raised funds will bolster Egide's investment in advanced technologies and enhance its market position. By November 13, 2024, these new shares will be tradable on the Euronext Growth market in Paris, with warrants exercisable until May 13, 2026. Two warrants allow subscription to one additional ordinary share at €0.65.