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Capital
6 Months Ended
Jun. 30, 2024
Share Capital and Share Base Payments [Abstract]  
Capital CapitalShare capital
The Company manages its capital to ensure that the Company will be able to continue as a going concern while maximizing the return to shareholders through the optimization of the debt and equity balance.
As of June 30, 2024, the Company’s share capital amounted to €4,049,075 divided into (i) 80,967,407 ordinary shares, each with a nominal value of €0.05; (ii) 6,509 “2016” preferred shares, each with a nominal value of €0.05, and (iii) 7,581 “2017” preferred shares, each with a nominal value of €0.05, respectively, fully paid up.
Share capital does not include BSAs, BSAAR, AGAs and AGAPs that have been granted to certain investors or natural persons, both employees and non-employees of the Company, but not yet exercised.
On October 21, 2019 and December 30, 2019, the retention period for the “2016 free preferred shares” has ended. The number of ordinary shares to which the conversion of one preferred share entitle has been determined according to the achievement of the performance criteria. Holders of “2016” preferred shares” are entitled to vote at our shareholders’ meetings, to dividends and to preferential subscription rights, on the basis of the number of ordinary shares to which they are entitled if they convert their preferred shares.
In April 3, 2021, the retention period for the "2017 free preferred shares" has ended. The number of ordinary shares to which the conversion of one preferred share entitle has been determined according to the fulfillment of the performance criteria. According to these same performance criteria, the Executive Board of April 7, 2021 noted that the "2017 preferred shares" did not give right to any ordinary shares. The “2017 preferred shares” will not be redeemed by the Company and will remain incorporated into the capital, unless subsequently decided by the Executive Board. As the conversion is void, the "2017 preferred shares" no longer give the right to vote at our general meetings, nor to receive dividends.
In the six months ended June 30, 2024, a capital increase of €5,342 occurred as a result of the Executive Board decision on June 10, 2024, subsequent to the creation of 106,844 ordinary shares following the set-up of a company saving plan for the benefit of the Company’s employees, including 68,744 ordinary shares issued free of charge (top-up). This event led to a net capital increase of €5,342 and an increase in share premium of €88,003, broken down as a creation of 38,100 ordinary shares, with a nominal value of €0.05, for an issue price of €2.45, (ii) a creation of 68,744 ordinary shares, with a nominal value of €0.05Treasury shares
The Company held 18,575 of its own shares as of June 30, 2024 and December 31, 2023, respectively.
Share based payments
The Company has issued BSAs, BSAARs, AGAs and AGAPs as follows:
DateTypesNumber of warrants issued as of 6/30/2024Number of warrants void as of 6/30/2024Number of warrants exercised as of 6/30/2024Number of warrants outstanding as of 6/30/2024Maximum number of shares to be issued as of 6/30/2024Exercise price per share (in €)
 Sept. 9, 2011 BSAAR 2011650,00025,000625,0002.04
 May 27, 2013 BSAAR 2012 146,05012,250133,8002.04
July 1, 2015BSAAR 2015 1,050,3822,7201,9401,045,7221,045,7227.20
 October 21, 2016 AGAP Management 2016-1 2,0005502501,200156,000-
October 21, 2016AGAP Employees 2016-12,4862511722,063268,190-
October 21, 2016AGA Management 2016-150,00050,000-
December 30, 2016AGAP Management 2016-2 3,0003,000333,000-
December 30, 2016AGA Management 2016-2250,000250,000-
April 3,2018AGAP Employees 2017-1 5,7255,725-
April 3,2018AGAP Management 2017-1 2,4002,400
April 3,2018AGA Employees 2017 114,5004,000110,500
July 3, 2018AGA Bonus 2018-1 67,02846966,559-
November 20, 2018AGAP Perf Employees 2018-1 327,500224,375103,125-
November 20, 2018AGAP Perf Management 2018-1260,000150,000110,000-
January 14, 2019AGA Employees 2018 90,6505,00085,650-
April 29, 2019AGA New Members 2017-125,00025,000-
July 3, 2019AGA Bonus 2019-157,37657,376-
July 13, 2020AGA Bonus 2020-1 & 279,86117,88561,976-
August 5, 2020AGAP Employees 2020-1766,650681,42085,230-
August 5, 2020AGAP Management 2020-1710,000580,000130,000-
July 22, 2021AGA Bonus 2021-1125,748125,748-
October 1, 2021AGAP Employees 2021-11,066,600290,800775,800775,800-
October 1, 2021AGAP Management 2021-1610,000130,000480,000480,000-
February 12, 2022AGA "Plan Epargne Entreprise" 2022138,960138,960
October 3, 2022AGA Bonus 2022-1128,061128,061
December 12, 2022AGA Perf Employees 2022-11,371,500275,0001,096,5001,096,500
December 12, 2022AGA Perf Management 2022-1550,000550,000550,000
April 14, 2023AGA "Plan Epargne Entreprise" 2023163,293163,293
November 2, 2023AGA New members 2023-125,00025,00025,000
December 21, 2023AGA Perf Employees 2023-11,403,50066,2501,337,2501,337,250
December 21, 2023AGA Perf Management 2023-1750,000750,000750,000
February 15, 2024AGA New members 2024-125,00025,00025,000
June 10, 2024AGA "Plan Epargne Entreprise" 202468,74468,744
July 21, 2020Stock Options 2020-1102,000102,000-
November 4, 2019AGAP 2019 Employees 2019546,700375,150171,550-
November 4, 2019AGAP 2019 Management 2019 355,000207,500147,500-
July 29, 2011BSA 2011-2225,00025,000200,0001.77
July 17, 2013BSA 2013237,50012,500225,0002.36
July 16, 2014BSA 2014150,00075,00075,00075,0008.65
April 27, 2015BSA 2015-170,00070,00070,0009.59
July 1, 2015BSA 2015-214,20014,20014,20014.05
September 20, 2017BSA 201737,00037,00037,00011.00
December 16, 2022BSA 2022-140,00031,7408,2608,2602.31
December 15, 2023BSA 2023-150,00012,00038,00038,0002.26
June 30, 202412,914,4143,239,9853,340,4346,333,9957,084,922