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The Bulgarian organic food producer Smart Organic will make a new capital increase, with which it plans to raise over 10 million euros through the Bulgarian Stock Exchange. The Financial Supervision Commission has approved the prospectus for the company's fundraising. The investment intermediary Karol will be the manager of the issue. Smart Organic plans to raise 10.65 million euros by issuing 710,250 new shares at a price of 15 euros. The increase will occur with rights, with one right being issued for each share, and 16 rights (or 15.99999859, to be precise) will be needed to register one book of the increase. For the procedure to be successful, at least 135 thousand shares will have to be registered. Which means that the company will seek at least 2 million euros from investors. This will be the company's third capital increase in the last two years. In May 2024, the food manufacturer moved from the SME segment beam to the regulated market of the Bulgarian Stock Exchange, increasing its capital in the process and raising EUR 10 million. At the end of last year, the company sold 23 thousand shares at a nominal price of 1 leva to its employees, which also slightly increased its capital. In 2021, Smart Organic raised EUR 3 million through beam. If the planned capital increase is as successful as possible, the total capital that the company has raised through the stock exchange will exceed EUR 23 million. The majority owner of the company is Yani Dragov, who directly holds 58% of the shares and 26% indirectly through the company Organic Ventures. Over the past five years, Yani Dragov's company has acquired four companies. In June 2022, it bought the bio-packaging manufacturer Biopak, and then in July of the same year acquired 70% of the smoothie manufacturer Santulita. In 2023, Smart Organic bought the assets of the German Naughty Nuts. At that time, the company also began building a new production facility in Bozhurishte, where it invested over 8 million euros. The new plant opened in the fall of 2024, and in 2025 it also made a deal for the British waffle manufacturer LoveRaw.

 

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