Tonner Drones Ends Convertible Note Relationship with Yorkville
Tonner Drones (FR001400H2X4 - ALTD) is pleased to announce that the company has ended all relations with
Since its arrival on
All obligations to Yorkville have now been satisfied by (i) the company making the final payment due to Yorkville under the terms of the Share Purchase Agreement (“SPA”) that were announced in the company’s press release of
Tonner Drones is pleased that an investor provided the funding to ensure the final payment to Yorkville under the SPA. In addition, discussions are ongoing with the investor that purchased the OCA to restructure or end them as well.
Tonner Drones recently published their semi-annual accounts3 and was released from the Euronext penalty bench.4 Coupled with management’s financial restructuring and cost reduction initiatives over the past eight months, these significant developments now allow management to focus their time and resources on growing the company’s drone and drone-related technology business, particularly in the military and defense markets.
*This will be effective once Yorkville has received the full payment, which will be processed in the coming days.
About Tonner Drones: Tonner Drones (formerly
Tonner Drones’ shares are listed on Euronext Growth Paris (ISIN code: FR001400H2X4).
More information at www.tonnerdrones.com
If you would like to find out more, or if you are interested in a partnership: contact@tonnerdrones.com
Contact
Actifin Jean-Yves BARBARA Financial communication jean-yves.barbara@seitosei-actifin.com +33 (0)1 56 88 11 13 | Actifin Press Relations amelie.orio@seitosei-actifin.com +33 (0)1 56 88 11 16 |
1https://tonnerdrones.com/wp-content/uploads/2023/09/DeltaDrone_CP_DeltaDrone_Yorkville_27.06.2023_EN__VD.pdf
2https://tonnerdrones.com/wp-content/uploads/2023/11/2023-11-15_Avenant-accord-OCA-Tonner-Drones-et-Yorkville_EN.pdf.
3 https://tonnerdrones.com/wp-content/uploads/2024/02/TONNER-DRONES-UK.pdf
4 https://tonnerdrones.com/wp-content/uploads/2024/02/TonnerDrones-leaves-penalty-bench-VD.pdf
Attachment
- 2024 03 01_Tonner Drones Ends Convertible Note Relationship with Yorkville
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