Tonner Drones receives €2,5M from regular bond issuance

Core Insights - Tonner Drones successfully issued a €2.5 million bond, marking a significant step in its growth strategy following a recent restructuring and refinancing process [2][3] - The bond has a maturity date of December 31, 2027, with a 4% interest rate and includes warrants for bondholders, indicating a strategic move to enhance shareholder value [3][4] Company Overview - Tonner Drones specializes in developing technologies for the logistics sector and holds stakes in promising French drone manufacturers such as Elistair and Donecle [4] - The company's strategy focuses on increasing the value of its shareholdings through active asset management and generating additional revenue from royalties on patents [4] Financial Details - The bond issued will be reimbursed in cash and will bear a 4% interest rate, with bondholders receiving warrants equivalent to the bond amount [3][8] - The exercise price for the warrants is set at €0.03, representing an 11% premium to the 10-day volume-weighted average price (VWAP) [3][10] Management Commentary - The CEO of Tonner Drones expressed excitement about the company's development, highlighting the recognition of its values and expertise in the market [3] - The CEO also mentioned that the company now has a substantial cash reserve to be deployed strategically for optimal shareholder value [3]