Orapi (ENXTPA:ORAP) announced that it has entered into an agreement for €17,000,000 in a round of equity funding from new investor KCO Funds of Kartesia Advisor LLP on March 10, 2020. After the completion of the transaction and restructuring, the investor will hold 19.9% stake in the company. The transaction is subject to the granting by the Autorité des Marchés Financiers of an exemption to the obligation to launch a tender offer in relation to the shares of the company and to the approval by the general assembly of company’s shareholders of the issuance of bonds redeemable for shares and of an increase of the share capital reserved to the investor.