Haffner Energy Closes its Convertible Bond Issue of 4.8 Million Euros
Haffner Energy announces the drawdown of the ninth and final tranche of its convertible bond financing, amounting to 1.09 million euros. This operation concludes the convertible bond loan agreement with a maximum nominal amount of 4.8 million euros, established in November 2025 for the benefit of Hanover Square Investments 1, a company of the Alpha Blue Ocean group. The 218 OCEANEs were converted, resulting in the creation of 12,517,225 new shares, in a context where the company highlights the risks of dilution and downward pressure on the stock price.
Closure of the 60-Month Bond Program
Haffner Energy proceeds with the final drawdown of 218 Convertible Bonds into New and/or Existing Shares (OCEANE) without attached Share Subscription Warrants. This drawdown resulted in the creation of 12,517,225 new shares, based on a theoretical conversion price calculated at 95% of the lowest average daily volume-weighted price over the previous 15 trading days. This convertible bond contract, lasting 60 months, was initiated in November 2025 with Hanover Square Investments 1 (HSI 1), a structure of the Alpha Blue Ocean group. The program concludes with this final drawdown.
Funding for Operational Continuity and Technological Development
According to the Company, this financing was aimed at securing operational continuity and strengthening cash reserves, particularly supporting a major technological evolution phase. The arrangement was also intended to support commercial operations as Haffner Energy continues its development efforts in Europe, Asia, the Middle East, and North America. Haffner Energy notes that this operation does not result in the issuance of a prospectus subject to the approval of the Financial Markets Authority. A tracking table for the emissions is available on the company's website in the 'Investors' section.
