AFYREN Raises €7 Million for Industrial Growth

AFYREN, a French greentech company, has secured €7 million through a share capital increase. This move aims to support its industrial expansion and comes as AFYREN ramps up production at the NEOXY plant and explores strategic shareholder changes. The capital increase was backed by funds managed by Odyssée Venture, a private equity firm investing in French growth companies.

The issue price was set at €2.55 per share, marking a 10.7% discount on the recent five-day average share price. The funds raised will enhance AFYREN's equity position, facilitating general financing needs and potential shareholder restructuring.

The new shares will be traded on Euronext Growth Paris from February 27, 2026. Following this issuance, AFYREN's share capital totals €777,050.40, comprising 38,852,520 shares. The issuance impacts shareholder equity and positions, slightly reducing ownership percentages for non-participating shareholders.