HOPIUM: Uncertainties over the recovery plan and alternative financing

Hopium postpones the presentation of its recovery plan to the Paris Commercial Court. Initially scheduled for January 16, 2025, this hearing, conditional on a capital increase of €8 million, is encountering obstacles. To date, subscription commitments covering at least 75% of this amount have not been fully guaranteed, placing the company in a difficult position to secure its financing.

Faced with this situation, Hopium is exploring alternative financing, although dilutive for its shareholders. The ongoing negotiations may allow the presentation of a new plan at the hearing. The support of creditors and shareholders remains crucial for the deployment of their fuel cell technology. Hopium will announce developments post-hearing, without major changes to the repayments planned for creditors.