XML 62 R42.htm IDEA: XBRL DOCUMENT v3.23.1
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Schedule of changes in share capital

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

​

​

Premiums 

​

​

​

​

​

​

​

​

Share 

​

related to 

​

Number of 

​

Nominal 

Date

    

Nature of the transactions

    

capital

    

share capital

    

shares

    

value

Balance as of January 1st, 2020

 

268,461

 

86,011,893

 

26,846,112

 

0.01

01/26/2020

​

Capital increase by issuance of ordinary shares – Vesting of AGAs by Company employees (AGA 2018-2)

 

633

 

—

 

63,300

 

0.01

02/07/2020

​

Capital increase by issuance of ordinary shares – Company’s private placement

 

37,783

 

14,962,218

 

3,778,338

 

0.01

02/07/2020

​

Transaction costs related to the Company’s private placement

 

—

 

(319,564)

 

—

 

—

04/17/2020

​

Appropriation of the issue premium

 

—

 

(48,000,000)

 

—

 

—

06/28/2020

​

Capital increase by issuance of ordinary shares – Vesting of AGAs by Company employees (AGA 2019-2)

​

2,270

​

—

​

227,000

​

0.01

07/15/2020

​

Capital increase by issuance of ordinary shares – Company’s initial public offering

​

74,783

​

94,024,272

​

7,478,261

​

0.01

07/15/2020

​

Transaction costs related to the Company’s initial public offering

 

—

 

(7,077,866)

 

—

 

—

11/30/2020

​

Capital increase by emission of ordinary shares – Emission of 10,000 BSA

 

100

 

66,650

 

10,000

 

0.01

12/14/2020

​

Capital increase by issuance of ordinary shares – Vesting of AGAs by Company employees (AGA 2018-3)

 

2,273

 

—

 

227,250

 

0.01

Balance as of December 31, 2020

​

386,302

​

139,667,603

​

38,630,261

​

0.01

06/28/2021

​

Capital increase by issuance of ordinary shares – Vesting of AGAs by Company employees (AGA 2019-1)

​

291

​

—

​

29,100

​

0.01

09/27/2021

​

Capital increase by issuance of ordinary shares – (ATM)

​

20,833

​

25,556,803

​

2,083,334

​

0.01

10/01/2021

​

Capital increase by issuance of ordinary shares – (ATM)

​

1,309

​

1,615,584

​

130,856

​

0.01

10/01/2021

​

Transaction costs related to ATM

​

—

​

(1,768,424)

​

—

​

—

Balance as of December 31, 2021

​

​

​

408,735

​

165,071,566

​

40,873,551

​

0.01

15/06/2022

​

Capital increase by issue of ordinary shares - (ATM3)

​

12,606

​

9,353,504

​

1,260,618

​

0.01

15/06/2022

​

Transaction costs related to ATM

​

—

​

(539,404)

​

—

​

—

Balance as of December 31, 2022

​

421,341

​

173,885,665

​

42,134,169

​

0.01

​

BSPCE and BSA share warrants  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Schedule of movements in BSPCE and BSA share warrants and Bonus shares

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

Exercise

    

Outstanding

    

​

    

​

    

​

    

Outstanding

    

Number of

​

​

​

​

price

​

at January 1,

​

​

​

​

​

​

​

at December 31,

​

shares

Type

    

Grant date

    

(in euros)

    

2022

    

Issued

    

Exercised

    

Forfeited

    

2022

    

exercisable

BSPCE — 2013 plan

 

Dec. 13, 2013

 

0.59

 

8,800

 

—

 

—

 

—

 

8,800

 

8,800

BSPCE Plan 2021

​

April 16, 2021

​

11.74

​

600,000

​

—

​

—

​

(120,000)

​

480,000

​

—

Total BSPCE

 

  

 

  

 

608,800

 

—

 

—

 

(120,000)

 

488,800

 

8,800

BSA — 2017 plan

 

May 29, 2017

 

6.67

 

130,000

 

—

 

—

 

—

 

130,000

 

130,000

BSA — 2018 plan

 

Dec. 14, 2018

 

6.07

 

116,000

 

—

 

—

 

—

 

116,000

 

116,000

BSA — 2019 plan

 

June 28, 2019

 

2.20

 

10,000

 

—

 

—

 

—

 

10,000

 

10,000

BSA 2019 Bis

​

March 9, 2020

​

3.68

​

10,000

​

—

​

—

​

—

​

10,000

​

10,000

BSA 2019 Ter

​

March 9, 2020

​

3.68

​

36,000

​

—

​

—

​

—

​

36,000

​

24,000

BSA - Plan 2021-1

​

April 16, 2021

​

11.74

​

20,000

​

—

​

—

​

(4,000)

​

16,000

​

—

Total BSA

 

  

 

  

 

322,000

 

—

 

—

 

(4,000)

 

318,000

 

290,000

Total

​

​

​

​

 

930,800

 

—

 

—

 

(124,000)

 

806,800

 

298,800

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

Exercise

    

Outstanding

    

​

    

​

    

​

    

Outstanding

    

Number of

​

​

​

​

price

​

at January 1,

​

​

​

​

​

​

​

at December 31,

​

shares

Type

​

Grant date

    

(in euros)

    

2021

    

Issued

    

Exercised

    

Forfeited

    

2021

    

exercisable

BSPCE — 2013 plan

​

Dec. 13, 2013

 

0.59

 

8,800

 

—

 

—

 

—

 

8,800

 

8,800

BSPCE Plan 2021

​

April 16, 2021

 

11.74

 

—

 

600,000

 

—

 

—

 

600,000

 

—

Total BSPCE

​

  

 

  

 

8,800

 

600,000

 

—

 

—

 

608,800

 

8,800

BSA — 2017 plan

​

May 29, 2017

 

6.67

 

130,000

 

—

 

—

 

—

 

130,000

 

130,000

BSA — 2018 plan

​

Dec. 14, 2018

 

6.07

 

116,000

 

—

 

—

 

—

 

116,000

 

116,000

BSA — 2019 plan

​

June 28, 2019

​

2.20

​

10,000

​

—

​

—

​

—

​

10,000

​

10,000

BSA 2019 Bis

​

March 9, 2020

​

3.68

​

10,000

​

—

​

—

​

—

​

10,000

​

10,000

BSA 2019 Ter

​

March 9, 2020

 

3.68

 

36,000

 

—

 

—

 

—

 

36,000

 

12,000

BSA - Plan 2021-1

​

April 16, 2021

 

11.74

 

—

 

50,000

 

—

 

(30,000)

 

20,000

 

—

Total BSA

​

​

​

  

​

302,000

​

50,000

​

—

​

(30,000)

​

322,000

​

278,000

Total

​

​

​

​

​

310,800

​

650,000

​

—

​

(30,000)

​

930,800

​

286,800

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

Exercise

    

Outstanding

    

​

    

​

    

​

    

Outstanding

    

Number of

​

​

​

​

price

​

at January 1,

​

​

​

​

​

​

​

at December 31,

​

shares

Type

    

Grant date

    

(in euros)

    

2020

    

Issued

    

Exercised

    

Forfeited

    

2020

    

exercisable

BSPCE — 2013 plan

 

Dec. 13, 2013

 

0.59

 

8,800

 

—

 

—

 

—

 

8,800

 

8,800

Total BSPCE

 

​

 

​

 

8,800

 

—

 

—

 

—

 

8,800

 

8,800

BSA — 2017 plan

 

May 29, 2017

 

6.67

 

140,000

 

—

 

(10,000)

 

—

 

130,000

 

130,000

BSA — 2018 plan

 

Dec. 14, 2018

 

6.07

 

116,000

 

—

 

—

 

—

 

116,000

 

77,334

BSA — 2019 plan

 

June 28, 2019

 

2.20

 

10,000

 

—

 

—

 

—

 

10,000

 

10,000

BSA 2019 Bis

​

March 9, 2020

​

3.68

​

—

​

10,000

​

—

​

—

​

10,000

​

—

BSA 2019 Ter

 

March 9, 2020

 

3.68

 

—

 

36,000

 

—

 

—

 

36,000

 

—

Total BSA

​

​

​

​

 

266,000

 

46,000

 

(10,000)

 

—

 

302,000

 

217,334

Total

​

​

​

​

​

274,800

​

46,000

​

(10,000)

​

—

​

310,800

​

226,134

​

BSPCE Share Warrants [Member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Schedule of movements in BSPCE and BSA share warrants and Bonus shares

​

​

​

​

​

​

​

​

    

BSPCE 2013-1

    

BSPCE 2021

 

Decision of issuance by the Board of Directors

 

13/12/2013

​

04/16/2021

​

Grant date

 

13/12/2013

​

04/16/2021

​

Beneficiary

 

3 employees

​

Executive Directors (Frederic Cren and Pierre Broqua)

​

Number of BSPCE granted

 

9 027

​

600,000

​

Expiration date

 

25/01/2024

​

03/31/2034

​

Number of shares per BSPCE

 

100

​

1

​

Subscription price (€)

​

58.50

​

0

​

Exercise price (€)

​

0.585

​

11.74

​

Performance condition

​

No

​

Partially (1)

​

Valuation method used

​

Black and Scholes

​

Monte Carlo

​

Fair value at grant date (€)

​

19

​

[5.4 – 5.7] (1)

​

Expected volatility

​

35

%

64

%

Average life (years)

​

5

​

5

​

Risk-free rate

​

1.13

%

0.60

%

Expected dividends

 

—

​

—

​

(1)The fair value at grant date is different depending on whether the BSPCEs are subject to market performance conditions.
BSA Share warrant [Member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Schedule of movements in BSPCE and BSA share warrants and Bonus shares

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

BSA

​

​

​

BSA

​

​

​

​

 

​

    

BSA 2017

    

2018-1

    

BSA 2019

    

2019 bis

    

BSA 2019 ter

    

BSA 2021

 

Decision of issuance by the Board of Directors

​

05/29/2017

​

12/14/2018

 

06/28/2019

 

03/09/2020

 

03/09/2020

​

04/16/2021

​

Grant date

​

05/29/2017

​

12/14/2018

 

06/28/2019

 

03/09/2020

 

03/09/2020

​

04/16/2021

​

Beneficiary

​

Directors

​

Service providers

 

Service providers

 

Service providers

 

Service providers

​

Service providers

​

Vesting period (year)

​

3 tranches: 1 year, 2 years and 3 years

​

between 1 and 3 years

 

1

 

1

 

between 1 and 3 years

​

3

​

Expiration date

​

05/29/2027

​

12/14/2028

 

06/28/2029

 

03/09/2030

 

03/09/2030

​

03/31/2034

​

Number of BSA granted

​

195,000

​

126,000

 

10,000

 

10,000

 

36,000

​

50,000

​

Number of shares per BSA

​

1

​

1

 

1

 

1

 

1

​

1

​

Subscription premium price per share (€)

​

0.534

​

0.48

 

0.18

 

0.29

 

0.29

​

2.45

​

Exercise price per share (€)

​

6.675

​

6.067

 

2.20

 

3.68

 

3.68

​

11.74

​

Performance condition

​

No

​

No

 

No

 

No

 

No

​

Yes

​

Valuation method

​

Black and Scholes

​

Monte Carlo

​

Fair value per BSA at grant date (€)

​

2.47

​

1.98

​

0.48

​

0.90

​

0.90

​

[3.0 – 3.2] (1)

​

Expected volatility

​

40

%

40

%

40

%

40

%

40

%

64

%

Average life (years)

​

6

​

6

​

5.5

​

6

​

6

​

5

​

Risk free rate

​

0.22

%

0.30

%

0.33

%

0.0

%

0.0

%

0.60

%

Expected dividends

​

—

​

—

 

—

 

—

 

—

​

—

​

(1)

The fair value at grant date is different depending on whether the BSPCEs are subject to market performance conditions.

AGA Bonus Share Award Plans Member  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Schedule of movements in BSPCE and BSA share warrants and Bonus shares

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

AGA 2021

    

AGA 2021-bis

    

AGA 2022

Decision of issuance by the Board of Directors

 

04/16/2021

 

12/08/2021

​

12/08/2022

Grant date

 

04/16/2021

 

12/08/2021

​

12/08/2022

Beneficiary

 

Employees

 

Employees

​

Employees

Vesting period (year)

 

3

 

3

​

1

Holding period (year)

 

—

 

—

​

1

Service condition

 

Yes

 

Yes

​

Yes

Performance condition

 

Partially (1)

 

Partially (1)

​

No

Number of AGA granted

 

466,000

 

123,000

​

373,000

Number of shares per AGA

 

1

 

1

​

1

Valuation method used

​

Dual (1)

​

Dual (1)

​

Dual(1)

Fair value per AGA at grant date

​

[9.8 – 11.3] (1)

​

[11.4 – 12.2] (1)

​

4.18

Expected volatility

​

64

%

64

%

N/A

Average life (years)

​

3

​

2.3

​

N/A

Risk-free rate

​

0.60

%

0.60

%

N/A

Expected dividends

​

—

​

—

​

–

Stock price reference

​

N/A

​

N/A

​

N/A

Non-transferable discount

 

N/A

 

N/A

​

N/A

(1)AGA 2021-1 and AGA 2021-bis plans are partially composed of AGAs subject to a market performance condition. AGAs 2022 aren’t subject to a market performance condition. Accordingly, AGAs not subject to performance conditions are valued on the basis of the share price less future dividends, discounted at the risk-free rate. AGAs subject to performance conditions are valued using the same method, adjusted by a discount applied to reflect the performance condition. This discount is determined using the “Monte Carlo” analysis. The fair value at the grant date is different depending on whether the AGAs are subject to market performance conditions.
Bonus Share Award Plans [Member]  
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Schedule of movements in BSPCE and BSA share warrants and Bonus shares

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stock price

​

Outstanding

​

​

​

​

​

​

​

Outstanding

​

Number of

​

​

​

​

at grant date

​

at January 1,

​

​

​

​

​

​

​

at December 31,

​

shares

Type

    

Grant date

    

(in euros)

    

2022

    

Issued

    

vesting

    

Forfeited

    

2022

    

exercisable

AGA — 2021‑1 plan

 

04/16/21

 

11.30

 

448,000

 

—

 

—

 

(107,200)

 

340,800

 

—

AGA — 2021‑bis plan

 

12/08/21

 

12.20

 

123,000

 

—

 

—

 

(46,200)

 

76,800

 

—

AGA —2022 plan

​

12/08/22

​

4.18

​

—

​

373,000

​

—

​

—

​

373,000

​

—

Total AGA

​

​

​

​

 

571,000

 

373,000

 

—

 

(153,400)

 

790,600

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stock price

​

​

​

​

​

​

​

​

​

Outstanding

​

​

​

​

​

​

at grant

​

Outstanding

​

​

​

​

​

​

​

at

​

Number of

​

​

​

​

date

​

at January 1,

​

​

​

​

​

​

​

December 31,

​

shares

Type

    

Grant date

    

(in euros)

    

2021

    

Issued

    

vesting

    

Forfeited

    

2021

    

exercisable

AGA — 2019‑1 plan

 

08/28/19

 

2.00

 

29,100

 

—

 

(29,100)

 

—

 

—

 

—

AGA — 2021‑1 plan

 

04/16/21

 

11.30

 

—

 

466,000

 

—

 

(18,000)

 

448,000

 

—

AGA —2021‑bis plan

 

08/12/21

 

12.20

 

—

 

123,000

 

—

 

—

 

123,000

 

—

Total AGA

 

  

 

  

 

29,100

 

589,000

 

(29,100)

 

(18,000)

 

571,000

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stock

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

price

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

at grant

​

Outstanding

​

​

​

​

​

​

​

Outstanding

​

Number of

​

​

​

​

date

​

at January 1,

​

​

​

​

​

​

​

at December 31,

​

shares

Type

    

Grant date

    

(in euros)

    

2020

    

Issued

    

vesting

    

Forfeited

    

2020

    

exercisable

AGA — 2018-2 plan

​

January 26, 2018

 

5.76

 

63,300

 

—

 

(63,300)

 

—

 

—

 

—

AGA — 2018-3 plan

​

December 14, 2018

 

6.28

 

227,250

 

—

 

(227,250)

 

—

 

—

 

—

AGA — 2019-1 plan

​

June 28, 2019

 

2.00

 

37,500

 

—

 

—

 

(8,400)

 

29,100

 

—

AGA — 2019-2 plan

​

June 28, 2019

 

2.00

 

228,000

 

—

 

(227,000)

 

(1,000)

 

—

 

—

Total AGA

​

​

​

​

 

556,050

 

—

 

(517,550)

 

(9,400)

 

29,100

 

—

​