REED finalizes its Reserved Capital Increases

REED has announced the final subscription amounts for its Reserved Capital Increases as part of its restructuring plan. Approximately €130 million of debt will be converted into equity through the issuance of 1,797,957,801 new ordinary shares. The transaction is divided into three segments, benefiting secured, unsecured, and subordinated creditors, respectively. The new shares will be listed on Euronext Growth Paris starting November 6, 2026.

This major transaction significantly dilutes the holdings of current shareholders, with the share capital decreasing to €14,421,982.35, distributed across 1,802,747,794 shares. It marks a crucial step in the company's restructuring, helping to reduce its debt without generating immediate cash flow. The recovery plan, approved by the Nantes Commercial Court, provides for continued debt repayment over ten years.