TBSO Announces a Capital Increase of €8 Million at €2.70 per Share

Terms and Schedule of the Fundraising

The capital increase, decided on May 26, 2026, is conducted in two parts: a fixed-price offer in France aimed at individuals (OPF) and a global placement for institutional investors. The subscription price has been set at 2.70 euros per ordinary share, representing a discount of 32.16% compared to the last closing price on May 26 (3.98 euros).

The subscription period runs from May 27 to June 10, 2026. The results will be announced on June 11, 2026, with settlement-delivery scheduled for June 15, 2026. Following this operation, TBSO plans to transition its shares from a dual fixing quotation to a continuous quotation.

Commitment of the Founding Shareholder and Allocation of Funds

Quatre Vingt Dix, the holding company of Eric Larchevêque (founding leader and 62.22% of the capital), commits irrevocably to subscribe for a minimum amount of 3.8 million euros, representing 47.5% of the capital increase. This amount may be increased to 6.0 million euros, thus ensuring the completion of the operation at 75%.

The net proceeds from the raise, estimated at about 7.6 million euros if fully realized, will be allocated as follows: approximately 50% to develop and launch technological platforms (OPENSKL and the multi-asset NVST platform), about 30% for external growth through the planned acquisition of NVST SAS, and about 20% to accelerate the development of existing activities.

Future Prospects and Strategic Goals

TBSO aims to strengthen its position in the fintech and artificial intelligence sectors through this capital increase. The funds raised will enable significant advancements in technology development, strategic acquisitions, and an expansion of current operations, positioning the company for future growth and innovation in the global market.