On 19 May 2017, the subscription period of SaltX Technology Holding AB (publ) was completed with a rights issue. The issue was subscribed close to SEK 149 million, which corresponds to an overdraft of approximately 49 percent. Shareholders with priority subscribed for SEK 96 million, and SEK 53 million were subscribed without preference. In total, the issue supplements SEK 100 million before emission costs.
"The interest has been great for the rights issue. Through the capital allocated to SaltX Technology, we can increase our focus and speed up the development of our newly established business area for large-scale energy storage - EnerStore. The interest from energy companies is greater than we dared to hope for, "said Karl Bohman, CEO of SaltX Technology.
The issue costs are estimated to amount to approximately SEK 8.5 million including warranty costs. Settlement notes will be sent out on May 24, 2017.
Number of shares and share capital
When the rights issue has been registered with the Swedish Companies Registration Office, the total number of shares in SaltX will amount to 53,698,919, all of which are Series B. The share capital will be increased by SEK 715,779, after the new issue amounts to SEK 4,295,914.
Trade with BTA B
Trading in paid subscribed shares (BTA B) takes place on NASDAQ First North until the Swedish Companies Registration Office has registered the new issue. This registration is expected to be completed at the beginning of June 2017.
Attorney Firm Törngren Magnell has acted as legal adviser, and Eminova issuing agency in connection with the issue. FNCA is the company's Certified Adviser on Nasdaq First North.
For further information, please contact:
Karl Bohman, CEO SaltX Technology: Tel: 070 560 02 68
Harald Bauer, CFO SaltX Technology, Tel: 070 140 45 02 (temporary)
SaltX Technology is obliged to disclose this information under the EU Market Abuse Regulation. The information was provided by the contact person listed above, for publication on May 22, 2017 at. 15.30 CET.
About SaltX Technology
SaltX Technology develops and sells patented energy storage technology, which is marketed under the brand SaltX ™. Customers consist mainly of major global OEM partners such as Alfa Laval, Mobile Climate Control and Rheem. SaltX Technology's stock is listed on Nasdaq Stockholm First North. FNCA Sweden AB is SaltX Technology’s Certified Adviser. For more information, visit www.saltxtechnology.com.