E-PANGO launches a €4 million bond financing

E-PANGO announces the establishment of a bond financing for a maximum amount of 4 million euros. This financing is structured in the form of bonds convertible into new and/or existing shares, accompanied by share subscription warrants for Hanover Square Investments 1.

The issue includes an initial tranche of €200,000 and 38 tranches of €100,000 each. If the bonds are converted and the warrants are exercised, significant dilution for current shareholders is possible.

This financing guarantees the continuity of E-PANGO's operations, thus addressing the auditor's reservations about financial viability.

Finally, the company informs that the bonds issued could be sold quickly, potentially impacting the share price.