On July 7, 2026, SCHMID Group N.V. entered into an agreement to issue $20 million in senior convertible notes due January 14, 2029, with a 5% annual interest rate compounded quarterly. The notes are convertible at the lower of $10.50 or 97% of the VWAP, with a minimum conversion price of $1.93 per share. Proceeds will fund working capital and a new owned manufacturing plant in China. Additionally, the company secured a repeat order exceeding EUR 37 million for advanced mSAP production equipment for AI server boards and optical modules. Total order intake for the six months ended June 30, 2026, reached EUR 81.7 million. The company is reviewing an upward revision of its FY2026 order guidance, to be communicated around July 14, 2026. The company provides production equipment for the electronics industry.
