Adocia: completion of a capital increase

(CercleFinance.com) - Adocia's share price has fallen by almost 3% following the completion of a capital increase for a total gross amount of 9.
73 million euros, subscribed by a limited number of investors, including Armistice Capital for seven million euros.

This capital increase involves the issue of a total of 2,125,000 new ordinary shares, to each of which is attached a BSA, at a price of 4.58 euros per share. Settlement and delivery are expected on February 28.

Adocia intends to use 50% of the net proceeds from the private placement to accelerate the development of its AdoShell Islets project, and the remainder to finance general corporate needs and ensure cash flow until the second quarter of 2026.

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