Tonner Drones issues €1.5m bond with warrants
Tonner Drones issued a €1.5 million fixed-coupon bond to Sitimo Ltd, with two warrant series that could provide a further €3 million if fully exercised.
Evidence notes
- The bond pays 5% interest monthly and matures on 31 December 2027, when it is due for cash redemption.
- Series A and B warrants have fixed exercise prices of €0.028 and €0.032 and expire on 31 December 2029.
- Full exercise would issue 100,446,375 shares, raise €3 million and produce maximum aggregate dilution of about 16%.
Company context
Listed French drone technology company commercialising Countbot warehouse-inventory automation while managing strategic stakes and drone IP.