ABG Sundal Collier acted as sole financial advisor in connection with the SEK 300 million equity raise in Sweden Ballistics

On Thursday 7 May 2026, Sweden Ballistics AB (“SWEBAL”) announced an equity raise of SEK 300 million. The share issue supports SWEBAL’s construction of its planned TNT manufacturing plant in Nora, Sweden, with proceeds to be used to finance capital expenditure related to machinery and facilities, pre-production and raw materials.

Founded in 2024, SWEBAL is establishing a TNT manufacturing plant in Sweden, supported by a fully European supply chain. TNT is a well-established energetic and a central component in ammunition manufacturing, in short supply across Europe and globally. By establishing a plant in Sweden, SWEBAL will contribute to a more robust and resilient defence capability in Sweden, Europe and NATO, while strengthening supply security and reducing dependence on foreign supply chains. The plant is targeted to start its production by 2028.

ABG Sundal Collier is delighted to have advised SWEBAL in connection with this private placement and would like to thank the company for the trust placed in us throughout the process. ABG Sundal Collier is proud to support companies operating at the heart of Europe’s defence build-up and remains committed to advising innovative businesses contributing to increased security and resilience across Sweden and NATO.