Ebusco issues new shares under loan conversions to reinforce turnaround strategy
By Luke Willetts - 15th September 2025
Netherlands – Embattled Dutch electric bus manufacturer Ebusco Holding N.V. has issued nearly 100 million new shares after shareholders approved the move at an Extraordinary General Meeting last month. The issuance stems from loan-to-equity conversions designed to reduce debt and stabilise the company’s balance sheet.
According to Ebusco, “from the February 2025 loans, worth EUR 22 million plus accrued interest, 74 million shares were created at a conversion price of EUR 0.3260. A further 25 million shares were issued from the partial conversion of bank loans held by Kabuto Technology Co., Ltd., at EUR 0.3231. Heights Capital opted not to convert its portion, instead extending it as a convertible loan maturing in August 2026.”
