SCHMID Group has agreed to raise $20 million through a private placement of senior convertible notes with an institutional investor. The notes carry a 5% annual interest rate, mature on January 14, 2029, and are convertible into the company's ordinary shares under terms outlined in the investment agreement. The company will use the net proceeds to fund working capital needs tied to accelerating order intake and to support expansion of its manufacturing capacity in China.
SCHMID Group N.V. Class A Ordinary SharesCompany raises $20M via convertible notes to fund working capital and capacity expansion.