Exeger, 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.
“To touch the lives of a billion people and build the next generation of Swedish industry”Giovanni Fili, CEO Exeger
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.