paragon Signs Letter of Intent With Swiss Investors for First Partial Sale of Blocks of Voltabox Shares
Delbrück, Germany, December 10, 2020 – paragon [ISIN DE0005558696] has signed a letter of intent with Swiss investors for the sale of the first block of Voltabox AG shares. The LOI comprises 18% of the share capital of the paragon financial investment and the granting of call options for acquiring further shares of up to around 32% of Voltabox’s share capital. Meanwhile, the revolutionary Voltabox-Flow-Shape-Design® (FSD) battery concept is completely reshuffling the cards in the battery systems market, according to paragon’s Management. paragon expects this to increase the value of its shares.
paragon signs LOI for sale of first blocks of shares and grant of call options to Swiss investors
Simultaneous successful reinvestment of equity positions over the counter
Optimistic forecast for 2021: Approximately € 140 million in automotive revenues at 12 to 15% EBITDA margin and € 10 to 12 million free cash flow expected