Carbios announces the success of its capital increase with preferential subscription rights for an amount of approximately 141 million euros. This is the largest capital increase on Euronext Growth since 2015, as the company points out.

The Capital Increase with Maintenance of Preferential Subscription Rights will give rise to the issue of 5,558,695 new shares at a subscription price of 25.32 euros per New Share.

The net proceeds from the issue of the New Shares will be used primarily to finance the construction of the first plant, estimated to have an annual processing capacity of 50,000 tonnes and an estimated investment of around €230 million, to the extent of around 85% of the initial amount of the Offer.

The balance of the net proceeds from the issue of the New Shares, representing around 15% of the initial amount of the Offer, supplemented by the net proceeds from the full exercise of the extension clause, will be used by the Company to finance expenses related to its R&D activities specific to PET, and to accelerate the deployment of its research activities for other polymers and/or other applications of its technologies.

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