CARMAT has reached an agreement in principle with the EIB (European Investment Bank) notably aimed at ‘equitizing’ its debt contracted from this bank. If implemented, this would notably involve staggered issues of shares of the Company, to a trust, followed by their sale on the market.
As the trust does not intend to remain a shareholder in the Company, the CARMAT shares issued in its favor would be sold on the market very shortly after their issuance, which could create strong downward pressure on the share price.
