Added to YB: 2026-02-17
Pitch date: 2026-02-14
SHMD [neutral]
SCHMID Group N.V.
+3.18%
current return
Author Info
No bio for this author
Company Info
SCHMID Group N.V. develops and manufactures equipment and process solutions for electronics, photovoltaics, glass, and energy systems in Germany and internationally.
Market Cap
$353.7M
Pitch Price
$7.55
Price Target
N/A
Dividend
N/A
EV/EBITDA
-59.35
P/E
-2.64
EV/Sales
7.20
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
Schmid Group NV: Update February 13, 2026
SHMD (pass): German tech co faces imminent collapse. $30M convertible note requires SEC registration by June 30 to unlock 2nd $15M tranche, but co just deregistered its F-1. Already gave 25.6% equity to XJ Harbour creditor in debt-for-equity swap. 'Going concern' warning. German mgmt faces criminal liability if insolvency not filed. Likely path: default→German subsidiary bankruptcy→public shareholders wiped out→assets to secured creditors. Deregistration signals capitulation.
Read full article (6 min)