Boostheat: EXTENSION OF THE EQUITY LINE TO SUPPORT THE BUSINESS PLAN

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Vénissieux, May 17, 2022

Boostheat (Euronext Paris – FR0011814938 – BOOST) the “Company”, a French industrial player in the fields of energy efficiency, announced the signing of an amendment to extend its equity financing line until May 2023. This additional source of financing should enable the company to obtain the resources necessary to implement its business plan with the main objective of a return to the market for winter 2023-2024.

In accordance with the initial contract entered into with Iris Capital on May 20, 2021[1]the latter has undertaken to finance BOOSTHEAT in the amount of €10 million over a period of 12 months by subscribing to a maximum of 4,000 bonds redeemable in new shares of the Issuer, with a nominal value of €2,500 each.

To date, this funding has only been used up to €3 million.[2]the company having set up a savings plan and alternative financing (bond financing of €5 million with historical shareholders[3] and for an additional €3 million with Holdigaz[4]).

In accordance with this amendment, the duration of the commitment was extended to 24 months, i.e. until May 2023, to issue the remaining €7 million without condition of minimum trading volume on BOOSTHEAT shares. This 24-month period applies including in the event of renewal. The Company retains the option of suspending, without penalty, and reactivating drawdowns according to its needs, or even terminating the financing line. The other provisions are unchanged and remain in force.

ABOUT BOOSTHEAT

Founded in 2011, BOOSTHEAT operates in the energy efficiency sector. The company’s mission is to accelerate the energy transition by integrating its technology into energy-intensive applications. BOOSTHEAT has designed and developed a thermal compressor protected by 7 patent families which significantly improves energy consumption in order to promote reasonable and appropriate use of resources.

BOOSTHEAT has its head office, research center and manufacturing plant in Vénissieux, near Lyon (historically a

HVAC* industrial zone). The company is labeled Innovative Company (Bpifrance) and French Fab. the

The BOOSTHEAT share is listed on Euronext Growth Paris (ISIN: FR0011814938).

*Heating, ventilation and air conditioning

I CONTACT

NEWS finance & communication – Anne-Pauline Petureaux

Investor Relations

Tel: +33 (0)1 53 67 36 72 / [email protected]

NEWS finance & communication – Serena Boni

Press relations

Tel: +33 (0)4 72 18 04 92 / [email protected]

BOOSTHEAT – Sabrina Ferré

Tel: 09 82 99 16 13 / [email protected]


[1] See press release of May 21, 2021

[2]Through the issue of 1,200 bonds

[3] See press release of July 19, 2021

[4] See press release of January 28, 2022



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