SCHMID Group N.V. has secured a new financing package by agreeing to issue $30 million of senior convertible notes and related warrants to an institutional investor in a private placement. The notes are funded in two $15 million tranches, carry a 7% annual interest rate payable mainly in kind, mature on January 21, 2028, and are convertible at prices tied to 95% of the volume‑weighted average share price, subject to minimum prices and daily limits. Warrants linked to the notes’ principal amount will be exercisable in cash or on a cashless basis until December 15, 2028. SCHMID’s German operating subsidiary guarantees the notes, and the company will register the resale of the underlying shares.
The company will not draw the remaining €7.5 million from a previously announced €10 million convertible loan facility because the new terms are described as more favorable. SCHMID also converted $26,962,158.90 of liabilities owed to XJ Harbour HK Limited into 12,540,539 new shares at $2.15 per share, increasing shares outstanding from about 43.06 million to 55.6 million. Five million earn‑out shares held by Christian and Anette Schmid may be cancelled in 2027 if share‑price targets of $15.00 and $18.00 are not met. The company reiterates its plan to complete and file its 2024 Form 20‑F in February 2026 to regain full compliance with Nasdaq and SEC requirements.