Nice & Green secures a financing of up to €1.7 million to Lucibel allowing it to accelerate its lead in the LED-based cosmetic solutions
Nice & Green, the Swiss investment firm, provides funding of up to €1,7 million to Lucibel (ALUCI), a French designer and manufacturer of LED lighting solutions. Lucibel has proved an undeniable technological advancement in the field of LED-based cosmetics solutions. Their expertise has even expanded into the launch of the “magic” rejuvenating mask in partnership with DIOR. With the new funds from Nice & Green, Lucibel will strengthen its equity capital and reinforce its R&D team to accelerate the commercial development of its existing solutions.
An Innovate Financing Solution by Nice & Green
The financing agreement with Lucibel falls under the new SmartCapital Increase program initiated by Nice & Green. This innovative solution not only enables companies to raise a capital effectively matching their financing needs – when they need it. But it also provides listed firms with a competitive advantage of gradually issuing new shares at market price – equivalent to 99% of the VWAP for each tranche.
The operation will be carried out via the issue, reserved for Nice & Green, of 5 successive tranches of 300,000 Redeemable Equity Warrants (REW) for up to 12 months. The exercise of each REW subscribed by Nice & Green will give the right to issue one Lucibel share. The exercise price by Nice & Green for each REW will be equal to 99% of the Volume Weighted Average Price (VWAP) of the Lucibel share for each tranche.
Lucibel has the right to terminate the operation at its convenience and without penalty at the end of each of the tranches.
About Nice & Green
Nice & Green is a privately held equity financing & investment firm providing tailor-made and flexible financing solutions for listed Micro-, Small- and Mid-Cap companies in Europe. Nice & Green works towards improving financing solutions to better meet the evolving capital raising needs of listed companies. With its partnership-oriented approach, it strives to create value for both the companies and their shareholders. Find out more at nicengreen.ch.
About Lucibel
Founded in 2008 by Frédéric Granotier, LUCIBEL is an innovative French group that designs and manufactures new-generation lighting products and solutions in France based on LED technology. The group is a pioneer in new applications made possible by LEDs beyond lighting, such as Internet access by light (LiFi technology), Cronos (a luminaire that restores the benefits of natural light indoors) and Lucibelle Paris, a range of cosmetic solutions using LED technology. Lucibel is listed on Euronext Growth in Paris. Find out more at lucibel.io and lucibelleparis.com.
Contact Information
Michèle Aouad
Head of Marketing and Communications
maouad@nicengreen.ch
+41 22 361 36 97