DJ LIGHTON announces the end of the stabilization period, the full exercice of the over-allotment option and the implementation of a liquidity contract.
LIGHTON LIGHTON announces the end of the stabilization period, the full exercice of the over-allotment option and the implementation of a liquidity contract. 10-Dec-2024 / 20:28 CET/CEST Dissemination of a French Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Promotional communication Do not distribute directly or indirectly in the United States, Canada, Australia or Japan Press release Paris, 10 December 2024 LIGHTON announces the end of the stabilization period, the FULL exercise of the Over-Allotment Option and the implementation of a liquidity contract -- Full exercise of the Over-allotment Option with the final amount of the Offer increased to EUR13.5 million -- Signing & implementation of a liquidity contract with Portzamparc (BNP Paribas Group) LightOn, a leading European player in generative AI for companies[1], announces the end of the stabilization period and the full exercise by Portzamparc of the Over-allotment Option in the context of its IPO on the Euronext Growth® Paris market (ISIN: FR0013230950, ticker: ALTAI-FR). This transaction results in the issuance of 156,000 additional new ordinary shares at the Offer Price of EUR10.35, representing a total amount of EUR1.6 million, increasing the size of the Offer to EUR13.5 million after the settlement-delivery of the additional new ordinary shares expected on 13 December 2024. As a result, the total number of shares offered in the initial public offering amounts to 1,306,000 shares and the free float now represents approximately 21.2% of LightOn's share capital. End of the stabilization period LightOn has been notified by Portzamparc, acting as stabilization agent in connection with the first admission to trading on Euronext Growth® Paris of LightOn's ordinary shares, that Portzamparc has carried out stabilization operations (as defined in Article 3.2(d) of Regulation (EU) No. 596/2014 (the "Market Abuse Regulation")) of the following securities: Issuer: LightOn Securities: Ordinary shares with a par value of EUR 0.01 (ISIN: FR0013230950) Offering size: 1,150,000 ordinary shares (excluding the Over-allotment Option) Offer price: EUR 10.35 per share Market: Euronext Growth Paris Stabilization Agent: Portzamparc
The stabilization period, which started on 26 November 2024, ended on 10 December 2024. Pursuant to Article 6, paragraph 2, of the Commission Delegated Regulation (EU) 2016/1052 supplementing the Market Abuse Regulation with regard to regulatory technical standards concerning the conditions applicable to buyback programs and stabilization measures, LightOn, on the basis of the information provided by Portzamparc, is publishing in this press release the information relating to the stabilization activities carried out by Portzamparc as stabilization agent between 26 November and 10 December 2024 (included):
Execution Intermediary Buy / Number of Average transaction Lowest / highest Aggregate amount Market
date Sell shares price (in EUR) price (in EUR) (in EUR)
26/11/2024 Portzamparc Buy 3,937 10.35 10.35 / 10.35 40,747.95 Euronext
Growth
27/11/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
28/11/2024 Portzamparc Sell 3,937 20.82 20.6 / 21.06 81,986.45 Euronext
Growth
29/11/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
02/12/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
03/12/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
04/12/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
05/12/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
06/12/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
09/12/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
10/12/2024 Portzamparc Buy 0 0.00 0 0.00 Euronext
Growth
The detailed list of operations is available on the LightOn website (https://investir.lighton.ai).
This press release is also issued on behalf of Portzamparc pursuant to Article 6, paragraph 2, of Commission Delegated Regulation (EU) 2016/1052.
Breakdown of share capital and voting rights
Following the initial public offering and the full exercise of the Over-allotment Option, the share capital and the voting rights of LightOn are distributed as follows (on a non-diluted basis):
Shareholders Shares % of share capital Voting rights* % of voting rights Igor Carron 1,065,600 17.3% 2,131,200 19.6% Laurent Daudet 1,008,000 16.4% 2,016,000 18.6% Florent Krzakala 403,200 6.5% 806,400 7.4% Sylvain Gigan 403,200 6.5% 806,400 7.4% Sub-total founders 2,880,000 46.7% 5,760,000 53.0% Investors 1,960,033 31.8% 3,764,066 34.6% Former employees 16,933 0.3% 33,866 0.3% Other[2] 289,855 4.7% 289,855 2.7% Public 1,016,145 16.5% 1,016,145 9.4% Total 6,162,966 100.0% 10,863,932 100.0%
* After considering the attribution of double voting rights as from the listing of the Shares on Euronext Growth (retroactively taking into account the registration of the Shares in the name of the same shareholder for two years prior to the Listing) and the loss of double voting rights of Otium Venture attached to shares lent under the over-allotment option (stabilization) and without taking into account the possible exercise of BSPCEs and BSAs.
Liquidity contract
LightOn also announces that it has entrusted Portzamparc with the implementation of a liquidity contract for its ordinary shares (ISIN: FR0013230950) on the Euronext Growth® Paris market, in accordance with the legal framework in force, and in particular with the provisions of the French Financial Markets Authority's (AMF) decision n° 2021-01 of 22 June 2021. It complies with the AMAFI Charter of Ethics. This liquidity contract is concluded for a period of one year, automatically renewable, taking effect as of 11 December 2024. A sum of EUR200,000 in cash has been allocated to the liquidity account.
Execution of the liquidity contract may be suspended:
-- under the conditions referred to in Article 5 of the AMF decision n° 2021-01 of 22 June 2021;
-- if the share is listed outside the thresholds authorized by LightOn's Shareholders' Meeting; and
-- at any time upon LightOn request, under its responsibility.
The liquidity contract may be terminated at any time and without prior notice by LightOn and at any time by Portzamparc subject to a one-month notice.
About LightOn
Founded in 2016, LightOn has established itself as a leading European player in generative artificial intelligence technologies for companies. LightOn markets Paradigm, a turnkey generative AI software platform that enables advanced interaction with company data via personalisation, RAG (Retrieval-Augmented Generation) and intelligent agent functionalities, optimising business productivity. LightOn's customers already include major accounts such as Région Ile-de-France, Safran, Groupama, Direction Générale des Finances Publiques, CNES and Verlingue. Since 2024, LightOn has also formed strategic partnerships with Orange Business and Hewlett Packard Enterprise to increase the volume of sales of its solutions via indirect channels.
LightOn is listed on Euronext Growth® Paris (ISIN: FR0013230950, ticker code: ALTAI-FR). The company is eligible for the PEA and PEA PME schemes, and is certified as an 'Innovative Company' by Bpifrance.
For more information: https://www.lighton.ai
Contacts
LIGHTON invest@lighton.ai SEITOSEI --ACTIFIN SEITOSEI --ACTIFIN Investor relations Financial press relations Alexandre COMMEROT/ Benjamin LEHARI Jennifer JULLIA +33 (0) 1 89 62 32 81 +33 (0)6 47 97 54 87 lighton@seitosei-actifin.com jennifer.jullia@seitosei-actifin.com
Disclaimer
This press release is not being made in and copies of it may not be distributed or sent, directly or indirectly, into the United States of America, Canada, Australia or Japan.
The distribution of this document may be restricted by law in certain jurisdictions.
Persons into whose possession this document comes are required to inform themselves about and to observe any such restrictions.
This press release is provided for information purposes only. It does not constitute and should not be deemed to constitute an offer to the public of securities, nor a solicitation of the public relating to an offer of any kind whatsoever in any country, including France. Potential investor are advised to read the prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.
This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, as amended (the "Prospectus Regulation"), also forming part of the domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the "EUWA").
With respect to the member States of the European Economic Area and to the United Kingdom, no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any relevant member State other than France or the United Kingdom. As a result, the securities may not and will not be offered in any relevant member State other than France or the United Kingdom except in accordance with the exemptions set forth in Article 1(4) of the Prospectus Regulation, also forming part of the domestic law in the United Kingdom by virtue of EUWA, or under any other circumstances which do not require the publication by LightOn of a prospectus pursuant to Article 3(2) of the Prospectus Regulation, also forming part of the domestic law in the United Kingdom by virtue of EUWA, and/or to applicable regulations of that relevant member State or the United Kingdom. In France, an offer to the public of securities may not be made except pursuant to a prospectus that has been approved by the French Financial Markets Authority (the "AMF"). The approval of the prospectus by the AMF should not be understood as an endorsement of the securities offered or admitted to trading on a regulated market.
It does not constitute an offer to purchase or to subscribe for securities in the United States or in any other jurisdiction.
The securities referred to herein may not be offered or sold in the United States of America absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended. LightOn does not intend to register all or any portion of the offering of the securities in the United States of America or to conduct a public offering of the securities in the United States of America. This communication does not constitute an offer of securities to the public in the United Kingdom.
This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the EUWA and who are also (x) investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (y) high net worth entities, or other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.
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[1] Frontier AI startups in Europe list | Dealroom.co
[2] Corresponding to Axon Partners Group, having entered into a subscription commitment for 3 million euros representing 289,855 shares. Axon Partners Group's order was fully allocated.
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Regulatory filing PDF file File: CP_LightOn_Exercice Overallotment Liquidity Contract_ENG_2024.12.10
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Language: English
Company: LIGHTON
2 rue de la Bourse
75002 Paris
France
E-mail: contact@lighton.ai
Internet: www.lighton.ai
Euronext Ticker:
AMF Category: Inside information / Other releases
EQS News ID: 2048403
End of Announcement EQS News Service
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2048403 10-Dec-2024 CET/CEST
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December 10, 2024 14:29 ET (19:29 GMT)
