MyHotelMatch raises €1.3 million to cut debt and reshape shareholders
What's the deal? MyHotelMatchDealroom has a profile for this one. Try Dealroom →, trading as MHM CorporateDealroom has a profile for this one. Try Dealroom →, has completed a fully subscribed capital increase, raising gross proceeds of about €1.28 million. It issued 115,970,875 new shares at €0.011 each on Euronext Paris. New strategic investors including Crazy Duck BV and Sitimo Ltd took sizeable stakes.
What's the money for? The proceeds will repay certain creditors, cover restructuring and transaction costs, and finance working capital. The new shares, carrying current dividend rights, will trade on Euronext Paris from September 25, 2026.
Why now? MHM Corporate is executing a new investment and development strategy, with an emphasis on strengthening its equity base and improving its balance sheet. The company operates in corporate finance, focusing on restructuring, refinancing, and development investments.
What's the endgame? Alongside the raise, MHM converted two tranches of bonds redeemable in shares into equity. It issued 43,999,956 new shares to holders Diede van den Ouden and Tonner DronesDealroom has a profile for this one. Try Dealroom →, cutting financial debt without any cash outflow.
The combined moves lifted share capital sharply, from 3,601,580 to 163,572,411 shares. That significantly reshapes the shareholder base and hands new strategic investors meaningful positions. MHM's current market capitalisation stands at about €12 million.
The signal: The deal marks a clear step-up for MHM, pairing fresh cash with a debt-for-equity conversion to reset its balance sheet. For a small-cap navigating restructuring, that combination signals an attempt to enter its next phase on firmer financial footing.
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Image credit: kevin dooley
