LION E-Mobility AG Announces Partial Conversion of Convertible Loan

LION E-Mobility AG, a prominent battery pack manufacturer, has declared the partial conversion of a convertible loan by major shareholder, Mr. Ian Mukherjee. This conversion involves EUR 1,887,000, resulting in the issuance of 3,000,000 new shares. Consequently, the company's share capital increases to 15,375,633 shares, with the equity ratio estimated to rise from 20% at the end of 2023 to nearly 40% by January 2025.

CEO Dr. Joachim Damasky and Chairman Alessio Basteri highlighted the strategic confidence shown through this conversion, enhancing financial stability and shareholder trust. This decisive step reflects LION's commitment to innovative growth, aided by the transformative financial strides made in 2024.