Tractial Converts €900,000 of Convertible Bonds into Shares to Strengthen Equity
TRACTIAL announces the conversion of a total amount of €900,000 in convertible bonds into shares, carried out in two transactions with two distinct investors in 2024 and 2025. This operation aims to anticipate the increase in volumes and the scaling up of the group.
Strengthening Equity and Anticipating Development
The conversion involves €300,000 of convertible bonds issued in 2024 and €600,000 of convertible bonds issued in 2025. This operation serves to reduce debt, strengthen equity, and consolidate the financial structure of the group, particularly in terms of bitcoins held for the long term. The announced strengthening aims to anticipate the increase in volumes and scaling up, which depend on commercial development. The company currently has prudential equity suited to its current regulated activities. Beyond regulatory requirements, this strengthening is a lever to support the group's development, especially in the context of partnerships and tenders. TRACTIAL operates as a licensed payment institution and is developing a fintech infrastructure linking euro payments to blockchain networks. It has also taken steps under the European MiCA regulation. In these regulated environments, capital requirements are cumulative and partly evolve with business volumes and the services offered.
Terms of the Conversions and Impact on Capital
Regarding the convertible bonds issued in 2024, the conversion of 100,000 convertible bonds, based on a parity of 2 shares for 1 bond, results in the issuance of 200,000 new shares, at a conversion price of €1.50. Regarding the convertible bonds issued in July 2025, the conversion of 150,000 convertible bonds, based on a parity of 2 shares for 3 bonds, results in the issuance of 100,000 new shares, at a conversion price of €6. The conversion of 250,000 convertible bonds results in the issuance of 300,000 new shares. The share capital is increased from €5,267,336 to €5,567,336, or 5,567,336 shares. The new shares will be assimilated to the existing shares and admitted to trading on Euronext Growth Paris. The issue represents about 5.7% of the capital before conversion. The conversion of the convertible bonds strengthens equity through debt offset, without cash outflow. The operation has a measured impact on the capital and contributes to strengthening the financial structure of the group.
