hello light eventually managed to find an industrial partner. Barcelona-based electricity marketer announces company launch Icosium Investment as a strategic partner with 22 million euro investment. In a statement, the company said the operation “will enable it to strengthen its growth strategy and advance its business plan with a partner committed to the energy transition.”
Icosium is a Spanish industrial investor active in the renewable sector in Africa and Europe. Your introduction to Holaluz It’s been almost six months since the company announced it was starting a search. partner To realize capital increase and ensure financial sustainability.
The investment, subject to relevant permits, will be carried out in two stages. In the first, Icosium will contribute 6.48 million euros through capital increase by issuing new ordinary shares at 1.80 euros per title deed without preferential rights of first refusal. In this first phase, Icosium will receive 14.12% of the capital and join the board of directors with two seats.
In the second phase, planned for the coming months, Icosium will inject the remaining 15.52 million euros through a convertible loan for 2.10 euros per share. Following this transformation, Icosium will appoint a third member to the board of directors and It will reach 33.43% participation.
66% premium
entire transaction values the company at over 45 million euros, 66% premium over closing price Last Friday on BME Growth.
“We enthusiastically welcome Icosium as a strategic partner. This step is recognition of our distinctive proposition to continue leading the energy transition by connecting people to green energy through distributed generation and storage, the development of technology and the use of data.” he said. Charlotte PiCo-founder and chairman of Holaluz.
Accordingly Lotfi Bellahçene“We are very proud to be a part of the roofing revolution and look forward to working shoulder to shoulder with the Holaluz team for a better future. We are deeply impressed by the full strength of the team at this company,” said Icosium CEO. They join forces for what they believe in, faithfully advocating their goal for a planet powered by green energy.
debt refinancing
The operation is closing Open crisis in Holaluz before summerWhen the company threatens to file for bankruptcy if it fails to receive a capital injection. Over the past few months, the company has made progress in reorganizing its debt and strengthening its balance sheet.
Reached this level in September moratorium with main creditorsThis represents 94% of its financial liabilities. This agreement allows Holaluz to make progress in combining its businesses with PwC and the main banking institutions in the country.
Also last July 7 million euro promissory note was renewed It is two years under the green bond program at MARF. Additionally, it obtained Additional financing of €8.1 million between May and June 2024thus strengthening your position to execute your business plan.
Despite this set of measures, Holaluz could not escape defeat This hinders the marketer. The company recorded a loss of 13.5 million euros in the first half of 2024; this was 35% less than the 20.9 million losses in the previous year.
