WIZIBOAT: Capital increase of 325.2K euros to support the new navigation season-June 9, 2022 19:00


WIZIBOAT (ISIN: FR00140047H7-Memonic: MLWIZ) is the first reference application for short-term rental of self-service shared boats and today € 0.325 million due to cancellation of preferred subscription rights reserved for private investors. Announced a capital increase.

Based on the success of its last sailing season

WIZI-BOAT

We continue to benefit from its growing reputation and the attractiveness of our offerings to nautical dealers.

The number of new dealer partners continued to grow, thanks to the success of the offer and the very positive “word of mouth” about the win-win economic model.

WIZI-BOAT

.. This model, in particular, allows them to earn additional sustainable income.

WIZI-BOAT

Therefore, it exists in 27 Wizibases today (compared to 21 at the end of April 2021).The number of active packages is 611 to 1.

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June 2022 (against 260 at the beginning of April 2021). However, due to difficult inflationary economic conditions that weigh on leisure budgets (eg rising fuel prices), it has declined slightly compared to the end of the 2021 season. This temporarily slows adoption and some customers may not update the package immediately.

In this regard, shareholders’ equity needs to be strengthened to allow the company to have additional financial resources to meet the growing working capital needs of the current development period.

Increase in capital

WIZI-BOAT

By revoking the preferred stock acquisition rights in accordance with 9, 36,139 new shares will be issued for € 325,251 as part of the capital increase.

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The resolution was approved at the shareholders’ meeting on June 4, 2021. The number of these new shares is equivalent to 7.2% of the number of shares currently in circulation, and the total number of shares after issuance will be 536,139 shares.

The subscription price was set at € 9.00 per share. That is, it is the same price used to list on the Euronext Access Paris market in June 2021.

The new stock will be assimilated into the existing stock. They will be listed on the Euronext Access market on the same quote line as existing stocks under the ISIN code FR00140047H7-MLWIZ. Settlement-Delivery will take place by June 10, 2022.

Due to the nature of the target investor, such a business does not constitute a public offering and therefore does not require the prospectus to be approved by Autorité des Marchés Financiers.

Impact of issues on the status of equity securities and securities holders providing access to capital


The dilutions due to the capital increase mentioned above are as follows.

Before issuance of 36,139 new common stock

After issuance of 36,139 new common stock

Number of titles

Capital

Equity%

Number of titles

Capital

In%

Equity


PRODALY group

audience

New stock subscribers

478,059

21,941

95.61%

4.39%


478,059

21,941

36139


89.17%

4.09%

6.74%

total

500,000

100.00%

536139

100.00%


For more information on WIZIBOAT, please see below.

www.wiziboat.com

Next publication:

Annual settlement of accounts for the fiscal year ended March 31, 2022:

July 29, 2022

About WIZIBOAT


With a fleet of boats at 27 bases across France, the WIZIBOAT, created in Cannes in 2017, will offer the first voyage package. Thanks to its innovative application, WIZIBOAT is now a pioneer in short-term rental of self-service shared boats. By associating the dealer with that model, WIZIBOAT democratizes access to navigation and participates in the creation of value for the entire ecosystem. During a period of active growth, WIZIBOAT hopes to advance its customer community and replicate its model internationally in the coming years.

contact

WIZI-BOAT

Pierre Olivier BIDAULT-SIRE

Founder and Managing Director

[email protected]


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