ABG Sundal Collier (“ABGSC”) acted as sole manager and bookrunner in connection with the Private Placement of NOK 400 million in Alginor ASA

On 19 June 2024, Alginor ASA announced it had completed a private placement towards new and existing shareholders raising approximately NOK 400 million in gross proceeds through allocation of 11,111,112 new shares at a subscription price of NOK 36.00 per offer share. The net proceeds from the private placement and subsequent repair offerings will be used to finance the expansion of the first commercial biorefinery processing lines (located at Avaldsnes, Norway) and for general development purposes.
The transaction included pre-commitments and allocations to large existing shareholders including Borregaard, European Innovation Council (EIC) and Jakob Hatteland Holding AS (together with affiliates), as well as a pre-commitment and significant investment by Must Invest AS.
ABGSC acted as sole manager and bookrunner in connection with the private placement and would like to express its gratitude to Alginor ASA and its shareholders for the vote of confidence. The private placement will be followed by a subsequent repair towards existing and new eligible shareholders.