News

Cuatroochenta
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secures
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EUR
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4.9
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million
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in
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commitments
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for
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a
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capital
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increase
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to
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accelerate
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its
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growth

BME Growth  ·  Investors  ·  Present

The transaction, fully covered at a price of EUR 18 per share, involved the participation of the Company’s main institutional investors, who have thereby strengthened their position. The funds will be used to accelerate inorganic growth (M&A) and to advance towards the base-case scenario of the strategic plan.

Investors are backing Cuatroochenta’s plan for continued growth. The international technology group, specialised in enterprise software and cybersecurity, has secured subscription commitments covering the full amount of a capital increase totalling EUR 4,918,248. As disclosed by the company on BME Growth, the transaction will involve the issue of 273,236 new shares, representing 10% of the share capital, at a price of EUR 18 per share.

The capital increase process began with the General Shareholders’ Meeting held on 8 September, which approved delegating to the Board of Directors the power to increase share capital through cash contributions and with the exclusion of pre-emptive subscription rights. Payment of the subscriptions is expected to be completed in the coming days; once the capital increase has been executed, the company will apply for the admission to trading of the new shares on BME Growth. Renta 4 Banco is acting as agent bank for the transaction.

Boosting inorganic growth

Cuatroochenta will allocate the funds mainly to accelerating its inorganic growth plan (M&A), with the aim of continuing to bring on board innovative B2B niche companies with recurring revenue, with a particular focus on cybersecurity.

The capital increase also strengthens the company’s resources to advance towards the base-case scenario of its strategic plan, which envisages reaching EUR 70 million in revenue and EUR 10 million in EBITDA in 2030.