Issue of a second tranche of OCEANE bonds for a nominal amount of 5 million euros subscribed by Odyssée Venture
Hoffmann Green announces the completion of a second issue of bonds convertible into and/or exchangeable for new or existing shares (the ” OCEANE “) subscribed by funds managed by Odyssée Venture1 for a nominal amount of approximately 5 million euros.
Julien Blanchard and David Hoffmann, co-founders of Hoffmann Green Cement Technologies, say: “Following on from what we have achieved with the Eiffel Investment Group, we announce today that we have completed the second phase of this financing operation, structured in two tranches, under comparable conditions. The support of Odyssée Venture, an investor specializing in the financing of fast-growing French companies, is now enabling us to support the growth of our business by promoting investment in our production capacity and R&D, as well as our national and international commercial expansion. This financing was carried out under advantageous financial conditions for both the Company and its shareholders. Odyssée Venture’s interest, following that of Eiffel Investment Group, also confirms the attractiveness of our business model”.