Aventador (Ex Algreen) : Aventador Initiates Judicial Reorganization Proceedings In Preparation For A Reverse Takeover

May 15, 2025 07:15 PM AEST | By ActusNews
 Aventador (Ex Algreen) : Aventador Initiates Judicial Reorganization Proceedings In Preparation For A Reverse Takeover
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Aventador Initiates Judicial Reorganization Proceedings in Preparation for a Reverse Takeover

Paris May 15, 2025, at 7:15 PM

AVENTADOR (Euronext Growth Paris, ticker : ALAVE- ISIN : FR001400IV58) a listed holding company on the Euronext Growth market, announces the initiation of judicial reorganization proceedings as of May 7, 2025 (published in BODACC No. 93 A on May 15, 2025, announcement no. 2256), in accordance with the opening judgment by the Commercial Court of Bourg-en-Bresse.

This decision is part of an approach aimed at ensuring the success of an ongoing reverse takeover (RTO) with a French industrial company generating over €140 million in annual revenue.

To secure this strategic transaction, the partner company has made the RTO conditional on the implementation of a debt clearance plan for Aventador. The judicial reorganization procedure enables the structuring of such a plan, the cleanup of the company's financial situation, and the elimination of any legal risks stemming from the past.

Objectives of the Judicial Reorganization Procedure:

  • Clear Aventador's liabilities to ensure a safe business recovery;
  • Carry out the RTO under optimal conditions;
  • Enable the revaluation of the company through re-listing;
  • Preserve the interests of current shareholders.

Provisional Timeline of the Operation:

  • 07/05/2025 : Start of the observation period;
  • May–July 2025 : Implementation of the debt clearance plan;
  • April–June 2025 : Shareholder current account inflow from qualified investors (€150k before opening of the proceedings, €225k during the observation period);
  • July 2025 : Signing of an agreement with the target company;
  • July 2025 : Drafting and validation of the Information Document for Euronext;
  • August 2025 : Completion of the RTO and re-listing of Aventador.

Conclusion :

The entire operation aims to restore growth momentum to Aventador and strengthen its position in the financial markets, while safeguarding shareholder interests and ensuring business continuity.

The company will inform the market of any significant developments in the ongoing proceedings.

About AVENTADOR

AVENTADOR is a holding company specializing in the management, development and financing of profitable companies. With an approach focused on sustainable growth and supporting companies with a clear strategy, Aventador actively supports the development of the companies in its portfolio to increase their value, in particular through various financial, accounting, tax, legal and IT optimization processes.

Press & Investors Contact

AELIUM – Finance & Communication : [email protected]

Tel : +33 1 89 70 76 89

AVENTADOR (Euronext Growth Paris, Ticker : ALAVE, ISIN : FR001400IV58)

www.aventadorholding.com


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Full and original press release in PDF: https://www.actusnews.com/news/91756-20250515_cp_aventador_rj_en.pdf

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