MHM Corporate Restructures Its Debt Through €2.97 Million in Convertible Bonds
MHM Corporate announced on Friday the restructuring of its debt through the issuance of redeemable bonds convertible into shares amounting to €2.97 million, complemented by an amendment to its previous bond issue. This operation aims to strengthen its capital structure by converting most of its financial liabilities into dilutive instruments.
Conversion of €3.69 Million Debt into Redeemable Bonds
The group issued a new redeemable bond convertible into shares for €2.97 million, represented by 2,969,599 securities at a nominal value of €1 each. These bonds were subscribed by offsetting certain, liquid, and due claims: Diede van den Ouden for €1.72 million and Tonner Drones for €1.25 million. Tonner Drones, led by Mr. van den Ouden as chairman and director, participated in this operation. Concurrently, MHM Corporate amended its previous redeemable bond dated October 9, 2025 (€720,310) to align its terms with the new issuance. In total, the two issues of redeemable bonds now amount to €3.69 million with harmonized terms.
Repayment in Shares Until the End of 2029 with a 5% Rate
All redeemable bonds convertible into shares have been structured under identical conditions: conversion into shares at a ratio of one new share per bond, contractually adjustable; maturity set for December 31, 2029; annual interest of 5%. A holding cap has been introduced: no holder may own more than 15% of the social capital or voting rights following a repayment in shares. These operations, carried out by offsetting claims, do not generate any cash inflow for the group. The full repayment of the redeemable bonds could result in the issuance of approximately 3.69 million new shares, intended to be admitted to trading on Euronext.
Capital Increase to Fund Operations and Development
MHM Corporate plans to proceed with a capital increase soon. The proceeds from this operation will be allocated to financing operating expenses, settling supplier debts, and supporting the development of new activities, the nature of which will be specified later. These operations were decided by the board of directors on June 25, 2026, within the framework of the authorizations granted by the general assembly on February 2, 2026, and will be presented in the special report of the statutory auditors. All legal publications and regulatory disclosures will be made within the prescribed deadlines.
