Lucibel has raised €1.95 million in its capital increase, €20 million less than the lighting technology specialist had hoped to raise.

A total of 4.5 million shares were requested at a price of €0.43 each, representing just over 90% of the amount initially hoped for.

Lucibel had originally hoped to raise €2.15 million.

Given the cash available at the end of 2023, the net proceeds of the operation will give the company a cash horizon of more than twelve months.

The funds are mainly intended to extend its debt reduction trajectory and accelerate expansion in its two strategic, high-margin markets, cosmetic lighting and scenography.

On the Paris Bourse, Lucibel shares were down 0.3% in the wake of these announcements.

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