Vape and stock market listing don't seem incompatible! Proof of this is with French society Kumulus Vape specializing in the sale of vaping products on the internet. Indeed, Kumulus Vape, whose share listing has been suspended since December 15, has just raised 2,5 million euros from the Mutual fund in innovation (FCPI).
AN ACCOMPANIMENT OF THE OFFENSIVE STRATEGY OF KUMULUS VAPE
Kumulus Vape, whose share listing has been suspended since December 15, signed on December 18 an issue contract for ABSA (Shares with Attached Warrants) with cancellation of the Preferential Subscription Right (DPS) for a total amount of 2,5 million euros with a leading French investment company.
This company carries out the operation for the benefit of several FCPI funds. These are the first funds to invest in Kumulus Vape as part of the qualification " Innovative company »Obtained from BPI France in April 2020, but also more generally in the vape sector.
» I am particularly pleased with the engagement of a leading investment company alongside us. This transaction strengthens our capital structure in order to support our offensive strategy. This entry into the capital is also a strong sign of the growing recognition we enjoy. Since our entry on Euronext Access in 2019, we have regularly revised our development objectives upwards, always in view of respecting the shareholders who have placed their trust in us. ", Comments Rémi Baert.
» This journey, made possible thanks to the mobilization of our employees and our customers, will allow us to achieve another record year in 2020. And for 2021, with these new financial resources, we are already in working order to carry further higher the colors of our brand on a still dynamic vaping market and consider a plan to move to Euronext Growth ". he continues.
