Correction: Tonner Drones Convenes GM and Expands Strategy

Core Viewpoint - Tonner Drones is convening a shareholders' general meeting on October 21, 2024, to vote on important resolutions, including a mandate to expand its strategy following a successful restructuring and refinancing process [1][2]. Group 1: Mandate Strategy - Shareholders will vote on a mandate to implement a new strategy and amend the articles of association, aimed at helping other listed companies escape challenging financing structures [2]. - The company has completed a restructuring process, settling various financing contracts and terminating all equity-lines, positioning itself to advise other companies and consider direct investments [2]. Group 2: Board Changes - Proposed new board members Olaf Graeff and David Cloetingh will be voted on during the GM; both have extensive experience as independent investors [3]. - The departure of Chairman Jean Francois Ott and CEO Brad Taylor is part of the company's efforts to reduce debt and costs, with measures subject to shareholder approval [4]. Group 3: Future Outlook - The new management believes the reduced cost structure and investment strategy will facilitate profitability, targeting to achieve this for the first time in 2025 [5]. - The company is awaiting the finalization of semi-annual results, which will reflect high restructuring costs and asset write-downs [5]. Group 4: Company Overview - Tonner Drones, formerly Delta Drone, develops technologies for the logistics sector and holds stakes in promising French drone manufacturers [6]. - The company aims to leverage its shareholdings through active asset management and partnerships with private equity funds, while retaining R&D in France [6].