ABG Sundal Collier acted as financial advisor in SaltX Technology’s oversubscribed SEK 69 million rights issue

On Tuesday 26 September, SaltX Technology announced that the new share issue with preferential rights for the company’s existing shareholders of SEK 69 million was oversubscribed, with a subscription ratio amounting to approximately 119 percent.
In total, 36,330,699 new class B shares were issued at a subscription price of SEK 1.90 per share, resulting in proceeds of SEK 69 million before transaction costs. The proceeds will be used for continued development of SaltX’s technology for the electrification of primarily the lime industry, but also of the cement industry and other industrial processes, as well as to investigate and develop the possibilities of simultaneously capturing CO2. In addition, the proceeds will be used for marketing the technology in the above areas as well as for SaltX Technology’s operating expenses and to expand the company’s organisation.