Avantium N.V., a leading company in renewable and circular polymer materials, announces that it has secured €10 million financing to address its short-term liquidity needs.

This financing includes (a) access to the second tranche of €4 million under the €9.9 million subordinated loan from the Province of Groningen, and (b) a €6 million drawdown from the €20.1 million increase of the senior debt financing facilities provided by the Lenders (Invest-NL, ABN AMRO, ING, ASN, Rabobank). This €10 million financing provides Avantium with short-term liquidity, enabling the Company to continue pursuing medium- and long-term funding options.

Avantium has previously communicated its strategy to raise additional funding to ensure that it is sufficiently capitalized. The Company is actively exploring various funding options (including equity, debt and government funding) and is in continuous discussions with relevant parties, including its Lenders and several government institutions. Given the ongoing discussions, Avantium has not been in a position to raise additional equity on the capital markets at this time. The Company will make further announcements on the timing of an equity raise when appropriate.

In parallel, Avantium has implemented strict cost controls while exploring further funding opportunities. Aligned with the strategic prioritization of its FDCA and PEF technology, the Company has initiated a comprehensive review of all other business units, including the R&D Solutions business unit and the Volta Technology platform. As part of this review, Avantium is engaged in ongoing discussions with external parties regarding a potential (whole or partial) transfer of ownership of Avantium R&D Solutions and Volta Technology. This could involve a full divestment of the associated assets and/or the formation of a partnership with a strategic or financial investor to support the funding of the next phase of technology development.

In connection with its debt financing facilities, Avantium has previously granted the Lenders (excluding ASN Bank) rights to subscribe for ordinary shares, convertible into ordinary shares with a 1:1 conversion ratio, for an exercise price equal to the nominal value per ordinary share (currently: €1.00). A warrant holder may choose to exercise warrants on a cashless basis.

In May 2025, Avantium issued warrants to the Lenders for a value of approximately €12 million, based on the 30-day volume-weighted average share price on 14 May 2025: €0.8776.