Tonner Drones converts EUR 2 million of debt into equity
Tonner Drones issued 66,666,720 shares to a bondholder at EUR 0.03 per share, removing EUR 2 million of debt from its balance sheet.
Why it matters
Tonner Drones issued 66,666,720 shares to a bondholder at €0.03 per share, removing €2 million of debt from its balance sheet.
Evidence notes
- The exercise price represented a 10.1% premium to the 20-day volume-weighted average price.
- An equal number of warrants were extinguished, reducing future dilution from the associated instruments.
- The converted bond had originally matured on 31 December 2027; the transaction increases equity and lowers financing expense.
Company context
Listed French drone technology company commercialising Countbot warehouse-inventory automation while managing strategic stakes and drone IP.