WALLIX GROUP SA announced a private placement of common shares at an issue price of ?10.50 per share for gross proceeds of around ?4,000,000 and entered into an agreement for the private placement of convertible bonds for gross proceeds of ?5,000,000 for aggregate gross proceeds of around ?9,000,000 on June 8, 2023. The bonds transaction will fully include participation from investment funds managed by NextStage AM. The common shares will will involve accelerated book building and will be issued without preferential subscription rights.

The bonds will have a coupon rate of 6%, annual non-conversion premium of 8% (non-compounded) and will mature in four tranches from December 31, 2026 to December 31, 2029. The bonds will be convertible at an issue price of ?16.