Cabasse secures €2.5 million in bond financing

Cabasse SA, specializing in high-fidelity audio, has signed a bond financing agreement with Global Growth Holding Ltd. This financing could reach €2.5 million in the form of bonds convertible into shares, over a period of 30 months. The Investor undertakes to subscribe for a minimum amount of €1.5 million. The first tranche of €150,000 has been issued.

This financing comes at a time when Cabasse has limited cash of €0.1 million. The funds are intended to strengthen cash flow and develop the Luxury Wireless Audio range. However, the convertible bonds could cause significant dilution of existing shares. Shareholders are urged to exercise caution due to the risks associated with this type of transaction.