Tonner Drones Announces Strategic Repositioning
April 16 2024 - 12:00PM
Tonner Drones Announces Strategic Repositioning
Tonner Drones Announces Strategic
Repositioning
Cannes, 16 april 2024 18:00
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Successful finalization of the capital increase ended the
refinancing period
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12 months financial visibility
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Stable financial situation enables the company to intensify talks
with partners for collaboration
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TonnerDrones notices a lot of interest in collaboration under its
stock exchange listing
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TonnerDrones recently ended Equity-line product with Yorkville and
has no interest in entering into new variable price financing
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Tonner Drones will continue to update the market about its new
future.
Tonner Drones’ successful capital increase ends
a challenging financial restructuring period for the company that
included cost cutting measures and addressing numerous legacy
issues that management inherited upon their arrival in June of
2023. Tonner’s refocused strategy prioritizes: Maximizing the value
of stakes in its holdings such as Doneclé and Elistair, broadening
collaboration internally and externally, and bringing to market
industry-changing products such as Countbot and Inhibitor.
Tonner regularly receives inquiries from private
companies about potential collaborations. While Tonner has long
wanted to engage in actionable discussions with these companies, it
was unable to do so until recently due to the company’s financial
uncertainty. Following the capital increase, Tonner is now
financially stable and embarking upon discussions with potential
partners, targets, and collaborators.
Tonner will carefully assess these opportunities
with rigorous due diligence and stress-tests prior to formalizing
any transactions. Candidates for consideration must be revenue
generating, have exceptional management and technical teams,
exhibit the potential to scale internationally, and add immediate
synergistic value to Tonner.
Tonner asks that its shareholders and investors
recognize this fundamental repositioning as management develops
this innovative organization. While Tonner is currently a
smaller-cap organization, management sees an opportunity to
increase the company’s market capitalization with this
repositioning, particularly if Tonner can become a larger company
in this fragmented industry. Leveraging its network across Europe
and America, management is confident in this approach, and is
priming the organization to evaluate numerous partnerships in the
coming months. In case that an interesting RTO opportunity
presented itself, TonnerDrones would also seriously consider
this.
“I would like to thank the historic shareholders
and new investors in supporting our restructuring and strategic
plans,” said Brad Taylor, CEO. “With cash reserves for the next
twelve months, the company now has the stability and time to expand
its business and intensify conversations with potential
partners.”
About Tonner
Drones: Tonner Drones (formerly Delta
Drone) develops UAVs and associated technologies for the defense
and homeland security sectors. Tonner Drones holds valuable stakes
in some of France's leading civilian and military drone
manufacturers. Tonner Drones’ strategy is to leverage its
shareholdings in these companies through active asset management, a
private equity fund, and by teaming up with other private equity
funds to become a significant industry consolidator. Additional
revenues can be achieved through royalties from patents held by
Tonner Drones to recognized manufacturers. Tonner Drones does not
plan on owning a factory; however, it is determined to retain
R&D for its products and systems in France.
Tonner Drones’ shares are listed on Euronext
Growth Paris (ISIN code: FR001400H2X4).
More information at www.tonnerdrones.comIf you
would like to find out more, or if you are interested in a
partnership: contact@tonnerdrones.com
Contact
ActifinJean-Yves BARBARAFinancial
communicationjybarbara@actifin.fr+33 (0)1 56 88 11 13 |
ActifinAmélie OrioPress
Relationsamelie.orio@seitosei-actifin.com +33 (0)1 56 88
11 16 |
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