Archos Completes Warrant Issue and Raises EUR 48.4 Million
The mobile and ruggedized technology group Archos closed its warrant issue on Friday, with the preferential subscription rights maintained. The operation attracted strong shareholder demand, with management committing to fully support the offering.
EUR 48 Million Funding to Accelerate Growth
The issuance of 9,675,503 warrants generated proceeds of EUR 48,377,515, at a rate of EUR 0.005 per warrant. The group states that this funding aims to support the continuation of its growth as well as the potential exercise of the warrants into new shares.
Defense and Industry at the Heart of the 2026 Strategy
Loïc Poirier, CEO, reiterated that the group confirms its ambition to reach a turnover of EUR 90 million by 2026 while maintaining profitability and improving its balance sheet. Archos emphasizes that 75% of its activity is dedicated to Defense. The TEMPEST program, described as the 'spearhead' of this strategy, is expected to be fully operational in the second half of 2026, with approvals validated and equipment already in place.
