REG-Tonner Drones Becomes Reference Shareholder of MHM Corporate
Tonner Drones will convert part of its ORA debt into 22 million MHM Corporate shares at €0.0110 per share, taking an approximately 15% stake and the role of reference shareholder, with no cash outflow or new capital expenditure required. The conversion sits inside MHM's broader refinancing — a €1.1M public capital increase plus a €0.48M ORA conversion, both priced at €0.0110 — which replaces short-term liabilities with equity and eliminates MHM's immediate debt-servicing obligations.
Key figures
- Lock up days
- 90
- Stake percent
- 15%
- Shares acquired
- 22000000
- Conversion price eur
- €0.0110
- Ora retained by tonner
- €1.0M
- Lock up price threshold
- €0.0140
- Additional ora conversion
- €0.48M
- Mhm capital increase total
- €1.1M
- Remaining mhm ora liabilities post issuance
- €3.0M
- Potential additional shares from retained ora
- 95000000
AI analysis
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