Carmat SA announced a private placement that it will issue up to 3,500,000 shares at an issue price of ?0.63 per share for the gross proceeds of ?2,205,000? on July 5, 2024. The transaction will include participation from new investor, Vester Finance.

The shares will be issued on the basis of the average daily market prices preceding each issue, less a maximum discount of 6%, within the limit of the price and ceiling rules set by the Company's Shareholders' Meeting.