XML 73 R48.htm IDEA: XBRL DOCUMENT v3.24.1
Shareholders' equity (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]  
Schedule of changes in share capital

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Premiums

​

​

​

​

​

​

​

​

​

​

related to

​

Number of

​

​

Date

    

Nature of the transactions

    

Share capital

    

 share capital

    

 shares

    

Nominal value

​

​

Balance as of 31 December 2020

​

386,302

​

139,667,602

​

38,630,261

​

0.01

June 28, 2021

​

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

​

291

​

—

​

29,100

​

0.01

September 27, 2021

 

Capital increase by issuance of ordinary shares – (ATM)

 

20,833

 

25,556,803

 

2,083,334

 

0.01

January 10, 2021

 

Capital increase by issuance of ordinary shares – (ATM)

 

1,309

 

1,615,584

 

130,856

 

0.01

January 10, 2021

 

Transaction costs related to ATM

 

—

 

(1,768,424)

 

—

 

0.01

​

 

Balance as of 31 December 2021

 

408,735

 

165,071,565

 

40,873,551

 

0.01

June 15, 2022

 

Capital increase by issue of ordinary shares – (ATM3)

 

12,606

 

9,353,504

 

1,260,618

 

0.01

June 15, 2022

 

Transaction costs related to ATM

 

—

 

(539,404)

 

—

 

—

​

 

Balance as of 31 December 2022

 

421,341

 

173,885,665

 

42,134,169

 

0.01

August 30, 2023

 

August 2023 Share Issuance

 

96,186

 

30,491,082

 

9,618,638

 

0.01

August 30, 2023

 

Transaction costs related to the capital increase

 

—

 

(2,510,855)

 

—

 

—

December 8, 2023

 

Vesting of bonus shares

 

3,630

 

(3,630)

 

363,000

 

0.01

Balance as of December 31, 2023

 

​

 

521,158

 

201,862,263

 

52,115,807

 

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 Jan 1,

​

​

​

​

​

Forfeited /

​

at December 31,

​

exercisable

Type

    

Grant Date

    

(in euros)

    

2023

    

Issued

    

Exercised

    

Lapsed

    

2023

    

shares

BSPCE - Plan 2013

 

12/13/2013

 

0.59

 

8,800

 

—

 

—

 

(8,800)

 

—

 

—

BSPCE - Plan 2021

​

04/16/2021

​

11.74

​

480,000

​

—

​

—

​

(50,000)

​

430,000

​

430,000

TOTAL BSPCE share warrants

 

  

 

  

 

488,800

 

—

 

—

 

(58,800)

 

430,000

 

430,000

BSA - Plan 2017

 

05/29/2017

 

6.67

 

130,000

 

—

 

—

 

—

 

130,000

 

130,000

BSA - Plan 2018

 

12/14/2018

 

6.07

 

116,000

 

—

 

—

 

—

 

116,000

 

116,000

BSA 2019

 

06/28/2019

 

2.20

 

10,000

 

—

 

—

 

—

 

10,000

 

10,000

BSA 2019 bis

​

03/09/2020

​

3.68

​

10,000

​

—

​

—

​

—

​

10,000

​

10,000

BSA 2019 ter

​

03/09/2020

​

3.68

​

36,000

​

—

​

—

​

—

​

36,000

​

36,000

BSA 2021

​

04/16/2021

​

11.74

​

16,000

​

—

​

—

​

(1,667)

​

14,333

​

—

BSA 2023

​

05/25/2023

​

2.51

​

—

​

10,000

​

—

​

—

​

10,000

​

—

BSA 2023 - 2

​

12/15/2023

​

3.91

​

—

​

20,000

​

—

​

—

​

20,000

​

—

TOTAL BSA share warrants

 

  

 

  

 

318,000

 

30,000

 

—

 

(1,667)

 

346,333

 

302,000

Total share warrants

​

​

​

​

 

806,800

 

30,000

 

—

 

(60,467)

 

776,333

 

732,000

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

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

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

 

12/13/2013

​

04/16/2021

​

Grant date

 

12/13/2013

​

04/16/2021

​

Beneficiary

 

3 employees

​

Executive Directors
(Frederic Cren
and Pierre
Broqua)

​

Number of BSPCE granted

 

9,027

​

600,000

​

Expiration date

 

12/13/2023

​

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

 

BSA 2023

​

BSA 2023-2

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

​

05/25/2023

​

12/15/2023

Grant date

​

05/29/2017

​

12/14/2018

 

06/28/2019

 

03/09/2020

 

03/09/2020

​

04/16/2021

​

05/25/2023

​

12/15/2023

Beneficiary

​

Directors

​

Service providers

 

Service providers

 

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

​

2.9 years

​

2.3 years

Expiration date

​

05/29/2027

​

12/14/2028

 

06/28/2029

 

03/09/2030

 

03/09/2030

​

03/31/2034

​

03/31/2036

​

03/31/2036

Number of BSA granted

​

195,000

​

126,000

 

10,000

 

10,000

 

36,000

​

50,000

​

10,000

​

20,000

Number of shares per BSA

​

1

​

1

 

1

 

1

 

1

​

1

​

1

​

1

Subscription premium price per share (€)

​

0.534

​

0.48

 

0.18

 

0.29

 

0.29

​

2.45

​

0.20

​

0.31

Exercise price per share (€)

​

6.675

​

6.067

 

2.20

 

3.68

 

3.68

​

11.74

​

2.51

​

3.91

Performance condition

​

No

​

No

 

No

 

No

 

No

​

Yes

​

No

​

No

Valuation method

​

Black and Scholes

​

Black and Scholes

​

Black and Scholes

​

Black and Scholes

​

Black and Scholes

​

Monte Carlo

​

Black and Scholes

​

Black and Scholes

Fair value per BSA at grant date (€)

​

2.47

​

1.98

​

0.48

​

0.90

​

0.90

​

[3.0 – 3.2] (1)

​

1.89

​

2.67

Expected volatility

​

40

%

40

%

40

%

40

%

40

%

64

%

65%

​

62%

Average life (years)

​

6

​

6

​

5.5

​

6

​

6

​

5

​

6.5

​

6.2

Risk free rate

​

0.22

%

0.30

%

0.33

%

0.0

%

0.0

%

0.60

%

2.96%

​

2.65%

Expected dividends

​

—

​

—

 

—

 

—

 

—

​

—

​

—

​

—

(1)The fair value at grant date is different depending on whether the BSAs 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

​

AGA 2023

​

AGA 2023-2

Decision of issuance by the Board of Directors

 

04/16/2021

 

12/08/2021

​

12/08/2022

​

05/25/2023

​

12/15/2023

Grant date

 

04/16/2021

 

12/08/2021

​

12/08/2022

​

05/25/2023

​

12/15/2023

Beneficiary

 

Employees

 

Employees

​

Employees

​

Executive
Director (Pierre
Broqua)

​

Employees

Vesting period (year)

 

3

 

3

​

1

​

4

​

1

Holding period (year)

 

—

 

—

​

1

​

4

​

1

Service condition

 

Yes

 

Yes

​

Yes

​

Yes

​

Yes

Performance condition

 

Partially (1)

 

Partially (1)

​

No

​

No

​

No

Number of AGA granted

 

466,000

 

123,000

​

373,000

​

300,000

​

760,000

Number of shares per AGA

 

1

 

1

​

1

​

1

​

1

Valuation method used

​

Dual (1)

​

Dual (1)

​

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

​

2.60

​

3.9

Expected volatility

​

64

%

64

%

N/A

​

N/A

​

N/A

Average life (years)

​

3

​

2.3

​

N/A

​

N/A

​

N/A

Risk-free rate

​

0.60

%

0.60

%

N/A

​

N/A

​

N/A

Expected dividends

​

—

​

—

​

–

​

–

​

–

Stock price reference

​

N/A

​

N/A

​

N/A

​

N/A

​

N/A

Non-transferable discount

 

N/A

 

N/A

​

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, AGAs 2023-1 and AGAs 2023-2 are not 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

​

​

​

​

at grant date

​

at Jan 1,

​

​

​

​

​

Forfeited /

​

at December 31,

Type

    

Grant Date

    

(in euros)

    

2023

    

Granted

    

Vested

    

Lapsed

    

2023

AGA - Plan 2021 - 1

​

04/16/2021

​

11.30

​

340,800

​

—

​

—

​

(43,201)

​

297,599

AGA - Plan 2021 - bis

​

12/08/2021

​

12.20

​

76,800

​

—

​

—

​

(11,585)

​

65,215

AGA 2022

​

12/08/2022

​

4.18

​

373,000

​

—

​

(363,000)

​

(10,000)

​

—

AGA 2023-1

​

05/25/2023

​

2.60

​

—

​

300,000

​

—

​

—

​

300,000

AGA 2023-2

​

12/15/2023

​

3.90

​

—

​

760,000

​

—

​

(12,000)

​

748,000

TOTAL free shares

​

​

​

​

​

790,600

​

1,060,000

​

(363,000)

​

(76,786)

​

1,410,814

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Stock price

​

​

​

​

​

​

​

​

​

Outstanding 

​

​

​

​

 at grant

​

Outstanding

​

​

​

​

​

​

​

at

​

​

​

​

date

​

 at January

​

​

​

​

​

Forfeited/

​

December 31,

Type

    

Grant date

    

 (in euros)

    

1 , 2022

    

Issued

    

Vested

    

 Lapsed

    

 2022

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

​

​

​

​

date

​

at January 1,

​

​

​

​

​

Forfeited /

​

December 31,

Type

    

Grant date

    

(in euros)

    

2021

    

Issued

    

Vested

    

Lapsed

    

2021

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

 

12/08/21

 

12.20

 

—

 

123,000

 

—

 

—

 

123,000

Total AGA

 

  

 

  

 

29,100

 

589,000

 

(29,100)

 

(18,000)

 

571,000

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Reference

​

Outstanding

​

​

​

​

​

​

​

Outstanding

​

Number of

​

​

​

​

price

​

at Jan 1,

​

​

​

​

​

Forfeited /

​

at December 31,

​

exercisable

Type

    

Grant Date

    

(in euros)

    

2023

    

Issued

    

Exercised

    

Lapsed

    

2023

    

shares

PAGUP 2023

​

05/25/2023

 

2.60

 

—

 

300,000

 

—

 

—

 

300,000

 

—

TOTAL PAGUP

​

​

​

​

 

—

 

300,000

 

—

 

—

 

300,000

 

—