Hexagon Purus raise NK750 Million at Max price allowed8 Dec 2020 07:20
"Hexagon Purus, a Hexagon Composites company, is a world leading provider of hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems integration for fuel cell electric and battery electric vehicles. Hexagon Purus enables zero emission solutions for light, medium and heavy-duty vehicles, buses, ground storage, distribution, marine, rail, aerospace and backup power solutions"
"The Company is pleased to announce that it has raised approximately NOK 750 million in gross proceeds through a private placement (the “Private Placement”) of 27,472,527 new shares (the “New Shares”), at a price per share of NOK 27.3. The subscription price represents the maximum price within the communicated price range for the Private Placement. Following the completion of the Private Placement, the Company will have 229,092,239 shares outstanding, and a market capitalization based on the subscription price of NOK 6,254 million."
https://www.globenewswire.com/news-release/2020/12/03/2139530/0/en/Hexagon-Purus-AS-Private-placement-successfully-completed.html
The Private Placement attracted strong interest from both existing Hexagon Composites shareholders and new investors wishing to support Hexagon Purus in enabling zero emission mobility. Three cornerstone investors subscribed for and were allocated shares in the Private Placement for a total amount of NOK 190 million: i) Handelsbanken Fonder (NOK 75 million), ii) Delphi Funds (NOK 65 million) and iii) Storebrand Asset Management (NOK 50 million).
The net proceeds from the Private Placement will be used for growth initiatives and for general corporate purposes.
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