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France: High End Hydrogen Car Manufacturer Hopium Raise 5.5 Million Euros in Successful Capital Raise

By December 24, 2021 3   min read  (511 words)

December 24, 2021 |

fuel cells works, France: High End Hydrogen Car Manufacturer Hopium Raise 5.5 million Euros in Successful Capital Raise

HOPIUM (FR0014000U63 / Mnémonique: MLHPI), French manufacturer of high-end hydrogen cars, today announces the success of its capital increase carried out with the elimination of shareholders’ preferential subscription rights for a final amount of 5.5 M € with a restricted circle of investors, in accordance with article L.411-2 I of the Monetary and Financial Code.

The Operation gave rise to the issue of 237,828 new shares with a unit par value of € 0.01, at a price per share of € 23 (issue premium included), for a total issued amount of 5, € 5 million (i.e. 1.36% of the post-transaction share capital of the Company).

Olivier LOMBARD, CEO and Founder of Hopium, declares on this occasion:

“I would like to warmly thank all of our new shareholders, as well as our current shareholders, who have shown their confidence in us by contributing to the success of this capital increase. . We are pursuing with strength and determination our ambitious roadmap which should lead us to market in 2025 the Hopium M? China, the first high-end hydrogen-powered sedan in the world, with rich news from the 1 st quarter of 2022. ”

The settlement-delivery of the new shares issued within the framework of the Private Placement and their admission to the Euronext Access Paris market will take place no earlier than December 24, 2021. The new shares will carry current dividend rights and will be admitted to trading on the Euronext Access market. Euronext Access Paris under the same ISIN code FR0014000U63 – MLHPI.

At the end of the Operation, the Company’s share capital is now made up of 12,795,351 shares with a par value of 0.01 euros each.

To the best of the Company’s knowledge, the distribution of the shareholding after the completion of the transaction is as follows:

Shareholders

Number of actions Percentages of capital and voting rights

Olivier Lombard

6,264,707

48.96%

Historical shareholders

4,306,812

33.66%

Floating

2,223,832

17.38%

Total

12,795,351

100.00%

AT? As an indication, the participation of a shareholder holding 1% of the Company’s share capital prior to the Operation will be increased to 0.98%.

In accordance with the provisions of article 211-3 of the General Regulations of the Autorité des Marchés Financiers, the offer of the Company’s shares within the framework of this capital increase carried out within the framework of a private placement, has not not given rise to a prospectus submitted for approval by the Autorité des Marchés Financiers.

 

About Hopium

Founded by Olivier Lombard, the youngest winner of the 24 hours of Le Mans, Hopium is a manufacturer of high-end hydrogen vehicles which is the culmination of its experience acquired on motor racing circuits. Olivier Lombard, who inherits automotive culture, drove hydrogen-powered racing cars for 7 years, making him the most experienced racer in the world in the field. An open-air laboratory, the race enabled Olivier Lombard and his team to reflect on new mobility solutions in order to meet contemporary environmental challenges. While the transport sector alone is responsible for 20% of greenhouse gas emissions, the company is positioning itself as a player in climate change. Hopium brings together a team of experts,

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