SCHMID Group Closes Second Tranche of $30M Convertible Notes

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SCHMID Group N.V. , a global leader in providing solutions to the high-tech electronics, photovoltaics, glass, and energy systems industries, announced that it has issued the second $15.0 million tranche of its previously announced $30.0 million convertible notes financing under the investment agreement dated January 18, 2026 with an institutional investor. The Company has issued and sold senior convertible notes in an aggregate principal amount of $30.0 million convertible into ordinary shares of the Company together with the issuance of warrants to purchase ordinary shares of the Company in a private placement to the Investor.

The first tranche of the Notes in a principal amount of $15.0 million was issued on January 21, 2026. The second tranche of the Notes was subject to the effectiveness of a Form F-1 registration statement covering the underlying shares of the Notes and Warrants and was contractually required to be funded on the second business day after the effectiveness. The Company’s Form F-1 registration statement was declared effective by the Securities and Exchange Commission (SEC) on March 3, 2026. As a result, on March 5, 2026, the second tranche of $15.0 million of the Notes was issued on March 5, 2026.

In connection with the second tranche of the Notes, the Company issued additional warrants to the Investor to purchase shares of the Company in an amount determined by reference to the principal amount of the Notes, as agreed and specified in the Investment Agreement in January 2026. The Warrants are exercisable until December 15, 2028, at an exercise price equal to the lower of the applicable fixed premium conversion prices under the Notes, exercisable for cash or, at the Company’s election, on a cashless basis.

The net proceeds from the issuance of the Notes are expected to be used for general corporate purposes, including working capital, capital expenditures, and potential acquisitions or investments.

William Blair acted as sole placement agent in connection with the financing.

“The closing of the second tranche of the financing announced in January 2026 is an important milestone for SCHMID.  The additional capital strengthens our balance sheet and supports the execution of our growth strategy, including meting increasing customer order volumes and anticipated market demand” said Arthur Schuetz, Chief Financial Officer of the Company.