ABG Sundal Collier acted as Global Coordinator and Joint Bookrunner in the NOK 1 billion private placement of shares in Hexagon Purus ASA

On 30 October 2024, Hexagon Purus announced the successful completion of a private placement of 145 million shares at a price of NOK 6.90 per share, raising gross proceeds of NOK 1,001m. The transaction was significantly oversubscribed and received strong interest from existing and new investors, in addition to continued support from the company’s long-term anchor investors Hexagon Composites ASA and Mitsui & Co., Ltd.
The net proceeds from the private placement will be used to finance the company’s business plan and are intended to fully fund the company well past the point of cash flow break-even. With the multi-year capacity expansion program close to completion, the company now has sufficient capacity to cover the expected growth over the next few years. Hexagon Purus’ focus for the coming years will be to optimize the utilization of existing capacity, drive operational improvements and profitability, and minimize further capital spend.
ABG Sundal Collier acted as Global Coordinator and Joint Bookrunner in the transaction.