FREUDENSTADT, Germany, March 06, 2026 — SCHMID Group N.V. (NASDAQ: SHMD) (the “Company”), a global solutions leader for the high-tech electronics, photovoltaics, glass, and energy systems sectors, today announced the issuance of the second $15.0 million portion of its $30.0 million convertible notes financing. This transaction completes the funding under the investment agreement established on January 18, 2026, with an institutional investor (the “Investor“). In total, the Company has privately placed and sold senior convertible notes amounting to $30.0 million in principal, which are convertible into its ordinary shares (the “Notes”), along with warrants to purchase ordinary shares (the “Warrants”) (collectively, the “Investment Agreement”).
The initial $15.0 million tranche of Notes was issued on January 21, 2026. The funding of the second tranche was contingent upon the SEC declaring a Form F-1 registration statement effective. This registration statement covers the shares underlying the Notes and Warrants. Following the SEC’s declaration of effectiveness on March 3, 2026, the second $15.0 million tranche of Notes was issued on March 5, 2026, as contractually mandated for the second business day post-effectiveness.
Pursuant to the Investment Agreement terms from January 2026, the Company also issued further Warrants to the Investor alongside the second tranche. The quantity of these Warrants is linked to the principal amount of the Notes. They can be exercised until December 15, 2028, at a price set at the lower of the applicable fixed premium conversion prices under the Notes. Exercise can be done for cash or, if the Company chooses, on a cashless basis.
The Company intends to allocate the net proceeds from the Notes offering for general corporate needs. These may encompass working capital, investments in capital equipment, and possible strategic acquisitions or other investments.
William Blair served as the exclusive placement agent for this financing.
“Finalizing this second tranche of financing, which we announced in January 2026, represents a key achievement for SCHMID. This infusion of capital bolsters our financial position and aids in advancing our growth plans, which include addressing rising customer orders and expected market needs,” stated Arthur Schuetz, the Company’s Chief Financial Officer.
This announcement is not an offer to sell nor a solicitation of an offer to buy these securities. Furthermore, no sale shall occur in any jurisdiction where such an offer, solicitation, or sale would be illegal prior to registration or qualification under the local securities laws.
Forward-looking Statements
Statements in this press release that look forward in time are covered by the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Terms like “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and comparable phrases signal such forward-looking statements. These statements may relate to anticipated future performance, the expected timing of commercial or financing events, and the completion of the private placement and use of its proceeds. Numerous factors could cause actual outcomes to differ substantially from these statements, such as: geopolitical incidents, conflicts, or wars, including trade disputes; macroeconomic shifts like inflation or interest rate changes; other uncontrollable events impacting the broader economy, our operations, and those of our customers and suppliers, including supply chain issues and cost hikes; our brief history as a public entity; our present reliance on a small customer base for the majority of revenue; supply chain breaks and rising expenses; unforeseen postponements in launching new products; our capacity to grow operations and market presence in Europe and the U.S.; competitive pressures; and the potential for undetected flaws or bugs in our technology. More details on risks and uncertainties are provided under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the SEC on February 13, 2026, accessible at www.sec.gov. Further information will be included in our subsequent SEC filings. All forward-looking statements herein are based on data available to the Company as of this date. We undertake no duty to update these statements to reflect subsequent events or circumstances, unless law requires it.
About The SCHMID Group
Headquartered in Freudenstadt, Germany, The SCHMID Group is a premier global provider of solutions to the high-tech electronics, photovoltaics, glass, and energy systems industries. Established in 1864, the Group now has around 700 employees worldwide. It operates technology centers and production facilities in various countries, including Germany and China, and maintains a global network of sales and service offices. The Group specializes in creating tailored equipment and process solutions for diverse fields such as electronics, renewable energy, and energy storage. Its systems and processes for manufacturing substrates, printed circuit boards, and other electronic components deliver leading technology, high output with reduced costs, optimal efficiency, superior quality, and sustainable, environmentally friendly production.
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