Tonner Drones Becomes Key Shareholder in MHM Corporate

Tonner Drones has become a key shareholder in MHM Corporate, acquiring a 15% stake through the conversion of existing debt into equity. This move is part of a broader capital increase initiative aimed at supporting MHM's long-term recovery and facilitating its expansion into dynamic growth sectors, including the drone industry.

MHM Corporate recently conducted a fully underwritten capital increase at a price of €0.0110 per share, open to all investors. Tonner Drones participated in this transaction by converting 22 million shares of its existing ORA debt into equity at the same issuance price. This strategic move eliminates MHM Corporate's short-term liabilities and streamlines its capital structure, setting the stage for future growth and commercial initiatives.

"The financial transaction represents a significant step forward for MHM Corporate," said Ceo Diede van den Ouden. "By transforming our debt into equity, we are ensuring that MHM has the financial stability required to pursue new business opportunities and build long-term value."

Tonner Drones, which has a diverse portfolio of investments in various sectors, sees this partnership as a strategic investment. "As a supportive and strategic shareholder, Tonner Drones will leverage its expertise in turnaround management to assist MHM in identifying and integrating new commercial initiatives," added van den Ouden.

The transaction is expected to significantly impact the trading dynamics and theoretical price of MHM shares, given the substantial issuance of new shares. Investors are advised to review MHM Corporate's official issuance documentation and risk factors for a comprehensive understanding.

Tonner Drones now holds a 15% stake in MHM Corporate, representing 22 million shares, while retaining approximately €1.0 million in ORA in the company. Post-issuance, MHM Corporate will have approximately €3.0 million in ORA liabilities, with Tonner Drones and Mr. van den Ouden each holding a significant portion. Both parties have agreed to a lock-up agreement for all their shares and ORAs, effective for a period of 90 days or until the trading price of MHM shares reaches or exceeds €0.0140, whichever occurs first.

This strategic move by Tonner Drones is part of a broader effort to support MHM Corporate in its quest for growth and diversification. With the resolution of short-term liabilities and the entry of a strategic shareholder, MHM is poised to focus on developing and acquiring new business activities that could drive its long-term success.