EV Digital Invest AG Announces Capital Reduction Plan Amid Financial Challenges

EV Digital Invest AG has revealed plans to undertake capital measures to address capital needs for 2025, following a significant financial setback. The Berlin-based company operates two investment platforms: "Engel & Völkers Digital Invest" and "Digital Invest Assets." The announcement accompanies the disclosure of financial figures for the fiscal year 2024, highlighting a necessary capital influx.

The firm's operating income for 2024 was EUR 2.4 million, consistent with prior guidance, while EBIT was below expectations at EUR -4.8 million. Total operating expenses amounted to EUR 7.2 million, exceeding projections. Critically, net assets have dwindled to less than half of the share capital.

In response, EV Digital Invest AG is contemplating a capital reduction at a 3:1 ratio, followed by a capital increase involving the issuance of roughly 2 million new shares. This initiative will be proposed at the upcoming Annual General Meeting, with shares likely priced at EUR 1.00 each, offering subscription rights to shareholders.