Boostheat: Capital increase to avoid default
A little less than a year ago, Boostheat's Chief Innovation Officer and co- founder, left the company. Today, the second co-founder, the CEO was let go. One would have thought that with nearly 15% of the capital he could have kept his position but Holdigaz, which holds nearly 32% of the capital, must have decided otherwise. We can understand the Swiss gas distributor. Holdigaz has already lost millions of euros with Boostheat, and will have to recapitalize the company to avoid losing its entire investment (see the resolutions of the general meeting).
Boostheat Sas. Boostheat SAS is a France-based company specialized in the manufacturing industry. The Company invents, develops and manufactures boilers, which consume less energy than conventional ones. The Company's boilers emit no particles and contain a heat pump that uses a natural fluid that generates less pollution than conventional electric heat pumps. Additionally, thanks to a built-in hot water tank, its boilers enable users to save water. The Company portfolio includes BOOSTHEAT.20, which combines heat pump and condensing boiler technologies to improve efficiency.
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