RE: invested £100,000 in Aeristech Limited16 Sep 2021 07:12
Think this investment will be great value soon the 100k plus the warrants they can exercise all in the feb 21 RNS as below
The Board of Sabien, is pleased to announce that it has invested £100,000 in Aeristech Limited ("Aeristech"), a leading UK-based manufacturer of power-dense compressors used within hydrogen fuel cells. The investment is being funded by Sabien's existing resources as part of a £5.1 million pre-IPO funding round completed by Aeristech.
Sabien has subscribed for 41,667 shares in Aeristech, equivalent to 0.3% of the issued share capital of Aeristech as enlarged by the funding round, at an issue price of £2.40 per share. In addition, Aeristech has issued Sabien with 10,417 warrants with a two-year term, each warrant carrying the right to subscribe for one share in Aeristech at the issue price of £2.40.
Aeristech is a designer, producer, and supplier of efficient, power-dense compressors, which are used to maximise the power output and efficiency of hydrogen fuel cells. The company's unique, patented motor and controller technology provides significant performance benefits, including: