Hannun, S.A., a company specialised in the design, manufacture and online sale of sustainable furniture and listed on BME Growth, has approved a cash capital increase with pre-emptive subscription rights for an amount of up to €1.9 million, aimed at strengthening the company’s financial structure and restoring equity balance. The company entered into an agreement in 2023 with Inveready, through its fund “Inveready Convertible Finance II”, for the issuance of convertible bonds of Hannun, S.A. in an aggregate amount of €1.1 million and a capital increase, in turn, in March 2024
The capital increase, approved at the Extraordinary General Shareholders’ Meeting held on 17 October 2025, involves the issuance of up to 12,652,614 new shares, with a par value of €0.01 and an issuance premium of €0.14 per share, resulting in a maximum total amount of €1,897,892.10 if fully subscribed.
The funds raised will be primarily used to reinforce the company’s equity, allowing the restoration of its capital structure and supporting the execution of the group’s business plan. The company expects that full subscription of the capital increase will be sufficient to rebalance its equity position by year-end.
In addition, the General Shareholders’ Meeting approved the delegation to the Chairman of the Board of Directors to issue mandatory convertible participating loans for a maximum aggregate amount of €1 million, which could be used to cover additional financing needs should the capital increase not be fully subscribed.
Business performance and strategy
Hannun operates in the sustainable furniture and home décor segment, with a digital, scalable business model focused on direct-to-consumer online sales through its own platform. The company enjoys strong brand positioning and a significant presence on social media, exceeding 800,000 Instagram followers across its various brands.
During the first half of 2025, 49% of the group’s revenues were generated in Spain and 42% in other European Union countries, particularly France and Germany, with a growing presence in the United Kingdom. The company continues to focus on international expansion, proprietary product development and both organic and inorganic growth.
In line with this strategy, Hannun has completed several corporate acquisitions in recent years, including Artesta, We Do Wood, and, most recently, Qhands Design, strengthening the group’s vertical integration and generating commercial and logistics synergies.
Commitment to sustainability
Hannun maintains a strong commitment to environmental and social sustainability. The company holds certifications such as FSC and B Corp, becoming the first furniture company in Spain to achieve B Corp certification, a key differentiating factor within the sector and a clear reflection of its ESG alignment.
With this transaction, Hannun takes another step towards consolidating its business project, strengthening its balance sheet and laying the foundations for a progressive improvement in profitability over the medium term.
cloud technology axon
Santander Corporate & Investment Banking has acted as Financial Adviso...
