HiPay: launch of a capital increase

(CercleFinance.com) - HiPay Group announces the launch of a capital increase with preferential subscription rights for a maximum amount of 6,765,000 euros, through the issue of 1,353,000 new shares (i.
e. three for every 11 existing shares) at a unit price of five euros.

The company explains that it intends to build up significant technological and commercial investment capacity, which will require an increase in shareholders' equity and a reduction in financial debt.

Subscription for the new shares will be open from January 10 to 24 inclusive on the Euronext Growth Paris market. HiPay has received an underwriting commitment from BJ Invest covering at least 75% of the transaction.

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