Haffner Energy Proceeds with the Issuance of a Third Tranche of Convertible Bonds for 300,000 Euros

Details of the Third Tranche Issuance

According to the press release, on January 5, 2026, Haffner Energy issued a third tranche of 60 convertible bonds into new and/or existing shares (OCEANE), amounting to 300,000 euros, without attached share subscription warrants (BSA). This operation is part of a bond financing with a maximum nominal amount of 4.8 million euros over 60 months for the benefit of HSI 1, a company within the Alpha Blue Ocean group, established in November 2025. The issuance will not result in the establishment of a prospectus subject to the approval of the Financial Markets Authority, pursuant to Article 14 of Regulation (EU) 2017/1129 of the European Parliament and Council of June 14, 2017.

Risk Alert for Investors

The company warns about the risks inherent in this type of financing. According to the group, the investor HSI 1, after receiving the shares resulting from the conversion or exercise of the OCEANE, is not intended to remain a shareholder of the company. The shares resulting from the conversion or exercise of the securities could be sold in the market by HSI 1 shortly thereafter, which could create high downward pressure on the share price, the press release indicates. Shareholders of the company could thus suffer a loss of value of their invested capital due to a significant decrease in the value of the share, as well as significant dilution due to the high number of securities issued for the benefit of the company HSI 1, the company warns.

Potential Impact of the Additional Issuance

According to the press release, the additional issuance of 60 OCEANE could lead to the creation of 1,363,636 new and/or existing shares of the company based on a theoretical conversion price per share equal to 95% of the lowest daily average weighted volume price (VWAP) over the 15 consecutive trading days immediately preceding the issuance date. The company specifies that the number of securities actually created following the issuance of a tranche of OCEANE is regularly updated in a table published on its website. The company recalls that the OCEANE-BSA issuance warrants were issued based on the delegation of authority conferred by the Extraordinary General Meeting of September 29, 2025, under its eleventh resolution, to the Board of Directors, for the purpose of issuing financial securities and/or securities giving immediate or future access to a portion of the capital, with the suppression of the preferential subscription right of shareholders for the benefit of categories of persons including investment funds.