New fundraiser for DELTA DRONE, by issuing OCABSA certificates

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For DELTA DRONE, this issuance is to give the Group the financial resources that are necessary for its development strategic plan, especially at the international level.

New fundraiser for DELTA DRONE, by issuing OCABSA certificates

Published on 29 June 2016
DELTA DRONE, a company specialized in civilian drones for professional use, listed on Alternext, issued OCABSA certificates, which could raise the equity to a maximum nominal value of 20 million euros. The company has again shown its trust in LAMY LEXEL for this operation, after a similar issuance carried out at its side in January for the same investor.

DELTA DRONE issued certificates of bonds convertible into shares with warrants attached (BEOCABSA) reserved exclusively to YA Global Master SVP ltd investment fund, managed by the American management company YORKVILLE ADVISORS. Upon conversion of all these securities (convertible bonds and warrants) into shares, the overall transaction would increase the capital by 20 million euros.

With its extensive experience in IPO and legal follow-up of listed companies, LAMY LEXEL has been entrusted with this very specific capital increase by DELTA DRONE Group and its CEO Christian VIGUIE. Michel MASOËRO, partner, Frédéric DUPONT, senior manager and Benoit COLSON, lawyers at LAMY LEXEL assisted DELTA DRONE in implementing the issuance of BEOCABSA.

YORKVILLE ADVISORS was for its part assisted by EUROPE OFFERING on the financial engineering and by JEANTET ET ASSOCIES Law Firm (Frank Martin Laprade, partner, Cyril Deniaud, counsel) on the legal aspects.

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