v3.26.3
Company information - Debt Financing Transactions (Details)
6 Months Ended
Jun. 12, 2026
EUR (€)
D
shares
Jun. 02, 2026
EUR (€)
Apr. 30, 2026
D
€ / shares
Jun. 30, 2026
EUR (€)
Jun. 12, 2026
EUR (€)
Jun. 12, 2026
€ / shares
Jun. 12, 2026
Jun. 12, 2026
installment
Oct. 14, 2024
EUR (€)
Company information                  
Subscription of borrowings [1]       € 68,338,000          
Lenders' warrants                  
Company information                  
Notional amount   € 9,500,000              
Trading price | € / shares     € 4.6681     € 4.6681      
Equity offering price | € / shares           3.7781      
Trading days | D 30                
Number of shares per instrument | shares 1                
Exercise price per warrant | € / shares           4.1559      
Percentage of premium exercise price             10.00%    
Lenders' warrants, Tranche A and B                  
Company information                  
Notional amount   6,750,000     € 6,750,000        
Number of warrants issued | shares 1,624,196                
Lenders' warrants, Tranche C                  
Company information                  
Notional amount   2,750,000     2,750,000        
Number of warrants issued | shares 661,709                
Borrowings from 2026 Debt Financing Transaction with BlackRock and Claret Capital                  
Company information                  
Minimum amount to be maintained in specified secured accounts   30,000,000              
Lenders' senior secured debt                  
Company information                  
Notional amount   130,000,000              
Lenders' Tranche A and B                  
Company information                  
Notional amount         75,000,000        
Minimum equity financing amount   90,000,000              
Subscription of borrowings € 69,600,000                
Lenders' Tranche A                  
Company information                  
Notional amount   35,000,000     35,000,000        
Subscription of borrowings € 35,000,000                
Borrowings, interest rate             9.90%    
Monthly instalments             16 16  
Par value per bond         1        
Conversion price             40.00%    
Convertible, Conversion price | € / shares           5.2893      
Conversion ratio 0.18907                
Trading price | € / shares     € 4.6681            
Equity offering price | € / shares           € 3.7781      
Trading days | D 30   30            
Lenders' Tranche B                  
Company information                  
Notional amount   40,000,000     40,000,000        
Subscription of borrowings € 40,000,000                
Borrowings, interest rate             9.90%    
Interest rate             2.10%    
Business days | D 15                
Lenders' Tranche B | T3 BSA warrants                  
Company information                  
Minimum equity fundraising to satisfy the drawdown conditions         100,000,000        
Minimum exercise amount of warrants to satisfy drawdown conditions         100,000,000        
Lenders' Tranche C                  
Company information                  
Notional amount   55,000,000   55,000,000 55,000,000        
Maximum uncommitted financing amount         55,000,000        
Minimum equity financing amount       € 100,000,000 100,000,000        
Borrowings, interest rate             8.90%    
Interest rate             2.10%    
Trading days | D 30                
Debt-to-market capitalization ratio             10    
Lenders' Tranche C | T3 Warrants                  
Company information                  
Minimum exercise amount of warrants to satisfy drawdown conditions         100,000,000        
Additional Lenders' Tranche                  
Company information                  
Notional amount   € 20,000,000     20,000,000        
Additional uncommitted amount         € 20,000,000        
2024 Financing arrangement in three tranches                  
Company information                  
Structured Financing amount                 € 348,000,000
[1] Net of the amount of €1.3 million advance payment related to the Lenders’ Tranche B under the Debt Financing agreement as of June 30, 2026 (see Note 4.5 – Other non-current assets).