TBSO Announces a Capital Increase of €8 Million at €2.70 per Share
The TBSO ecosystem, which combines artificial intelligence and fintech, announces the launch of a capital increase with a maximum amount of 8 million euros at 2.70 euros per share, open to individual and institutional investors from May 27 to June 10, 2026.
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
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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.
SectorServices numériques›Services de soutien aux entreprises
Context
Period
Period: 2025
Key reported figures
Revenue: 114 326 euros
Net income: -1 491 556 euros
Guidance from the release
En 2025, le chiffre d’affaires net s’élève à 114 326 euros et le résultat net est de -1 491 556 euros. Le démarrage des activités s’est effectué en novembre 2025 après le changement de contrôle, avec des coûts de structuration et des investissements pour le lancement. Au 31 décembre 2025, la société détient 1,8 million d’euros de trésorerie et 2,3 millions d’euros de produits constatés d’avance, offrant une visibilité sur 2026. Le groupe prévoit une accélération en 2026 via SKL CLUB et l’intégration NVST CLUB au sein du Groupe, avec le déploiement de nouvelles offres pour enrichir les trois piliers.
Risks mentioned
Risque lié au démarrage des nouvelles activités et au changement de contrôle intervenu en novembre 2025.
Charges non récurrentes associées à l’opération de prise de contrôle et à la structuration.
Risque lié à l’évolution du modèle économique et à la monétisation des activités.
Risque lié à l’incertitude et aux hypothèses relatives aux résultats futurs et à la réglementation.
Opportunities identified
Accélération du développement commercial de SKL CLUB.
Intégration du NVST CLUB au sein du Groupe.
Déploiement de nouvelles offres au sein de l’écosystème pour enrichir les trois piliers.
Outlook / guidance
Expected revenue: Prévision de chiffre d’affaires pour 2026 non communiquée dans le présent communiqué
Expected EBITDA: Prévision d’EBITDA pour 2026 non communiquée
Expected net income: Prévision de résultat net pour 2026 non communiquée
Management commentary: La société prévoit une accélération de la dynamique commerciale et l’intégration du NVST CLUB dans le Groupe, avec le déploiement de nouvelles offres, tout en restant consciente des charges non récurrentes et des risques inhérents au démarrage des activités.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
