Wallix: fundraising completed, share price falls
The operation took the form of a €5.5 million capital increase with institutional and retail investors via the PrimaryBid financing platform.
This is a higher amount than the four million euros initially anticipated by the Group.
To this amount must be added a five million euro bond convertible into shares to be subscribed by the NextStage growth capital fund.
The new shares, representing around 8.8% of the capital before the capital increase and 8.1% after its completion, were placed at a price of 10.50 euros per share.
This represents a discount of 16% to yesterday's closing price, not including the dilutive impact of the transaction: the stake of a shareholder holding 1% of the capital before the operation will be reduced to 0.92%.
The proceeds of the fund-raising will be used to finance the company's external growth strategy.
Around 1:45 pm, the share price fell by more than 12% in volumes representing more than 20 times those traded, on average, over the first four sessions of the week.
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