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Navya raises €36m in convertible bonds with stock acquisition rights to finance its growth and large-scale industrialization

Villeurbanne, France, July 21th 2022 – 07:30 am CEST – NAVYA (FR0013018041- Navya), an autonomous mobility systems leader, announced the signing of a funding agreement on July 20th with the Negma Group for a total nominal amount of €36 million. Negma is an investment group that is based in Dubai in the United Arab Emirates and operates worldwide. Under the terms of the agreement the financing will take the form of convertible bonds to which a warrant for Negma to purchase shares of Navya’s capital stock is attached, each share having a nominal value of €2,500 and a maturity of twelve (12) months.

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