Drone Volt: fewer funds raised than expected

(CercleFinance.com) - Drone Volt announced on Wednesday that it had raised two million euros in its capital increase with pre-emptive rights, some 35% less than the group had sought.


The manufacturer of professional civilian drones said it had issued 6,627.600 new shares at a unit price of 0.30 euro.

The company had originally intended to raise 2.7 million euros.

As an indication, the stake of a shareholder holding 1% of the capital prior to the capital increase and not subscribing to it will be reduced to 0.75% following the operation.

For the record, the fund-raising was part of the 4.7 million euro financing plan unveiled last January, including 2.7 million euros in the form of a capital increase and two million in bonds convertible into Ornanes.

These funds are intended to reassure major customers of the group's cash position, offering between six and one month's visibility, enabling it to demonstrate its ability to accelerate sales growth and approach positive operating profit (Ebitda) by 2025.

Following the limited success of the capital increase, Drone Volt's share price lost over 7% on the Paris Bourse late Wednesday morning.

Copyright (c) 2025 CercleFinance.com. All rights reserved.