Exeger raises SEK 178.9 million through a directed share issue
EXEGER PRESS RELEASE MARCH 31, 2022 – STOCKHOLM, SWEDEN
Exeger (www.exeger.com), the Swedish deep tech company that produces Powerfoyle®, today announces it has passed a decision to issue up to 1,118,125 new shares. The shares are issued at a price of SEK 160 per share whereby the company will receive a total of SEK 178.9 million.
The new shares are issued to existing shareholders and affiliated parties to raise capital. The funds will be used for continued roll-out of the Powerfoyle® technology and capacity investments to enable further production ramp-up.
“I am pleased with the strong support we have from our existing investors” says Giovanni Fili CEO of Exeger. “When the time is right, we will raise additional funds to accelerate our global roll-out. Our vision is ambitious: to touch the lives of a billion people and build the next generation of Swedish industry”, Fili ends.
Exeger is a Swedish company with a unique solar cell technology that converts all forms of light into electrical energy. With its resilient and flexible design, the material named Powerfoyle can be seamlessly integrated into all products that benefit from being self-powered. Powerfoyle can enhance any consumer electronic product it is integrated into with extended or even eternal battery life, putting the power of cutting-edge solar technology directly into the hands of consumers. By revolutionizing the perception of available energy, Exeger makes products both smarter and more sustainable – with the vision to touch the lives of billions of people by 2030.