Aures, whose cash position is very tight, soared on the stock market on Monday, following the final conclusion of a financing agreement with an industrial group.

The news sent the stock soaring by over 120% on the Paris Bourse on Monday.

The agreement, which includes a convertible bond issue with Advantech for a nominal amount of 3.2 million euros, will enable the point-of-sale technology specialist to improve its cash position over the next twelve months.

Advantech specializes in intelligent systems linked to the Internet of Things (IoT), present in sectors such as embedded computing, transport, environmental monitoring and connected logistics.

For information purposes, the theoretical impact of the issue and conversion into new ordinary shares of the convertible bonds on the shareholding of a shareholder holding 1% of the capital would be reduced to 0.83% after conversion.

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