Brief: Avantium Raises EUR 45 Mln In Capital Increase

Avantium NV

14/04/2022 16:42

April 14 (Reuters) - Avantium NV  AVTX.AS :
    * AVANTIUM SUCCESSFULLY RAISES €45 MILLION TO ACCELERATE THE
GLOBAL TRANSITION TO RENEWABLE AND CIRCULAR PLASTICS
    * FINAL OFFER PRICE SET AT €4.00 PER OFFER SHARE
    * BASED ON FINAL OFFER PRICE, AVANTIUM WILL ISSUE 11,250,000
NEW
SHARES, OR C. 36% OF ISSUED SHARE CAPITAL OF AVANTIUM
    * TO COMPENSATE FOR DILUTIVE EFFECT OF THIS CAPITAL RAISE,
NUMBER
OF WARRANTS ISSUED TO CONSORTIUM OF LENDERS WILL INCREASE TO
3.86 MILLION WARRANTS
    * NET PROCEEDS WILL BE USED TO FURTHER DEVELOP PLANTMEG
TECHNOLOGY, TO SCALE-UP TOWARDS FURTHER COMMERCIALISATION VIA
TECHNOLOGY LICENSING
    * NET PROCEEDS WILL BE USED TO FURTHER DEVELOP BIOREFINERY
AND
CO2-BASED CHEMICALS AND ENVIRONMENTALLY FRIENDLY POLYMER-RELATED
TECHNOLOGIES 

Source text: https://bit.ly/37hznTW
Further company coverage:  AVTX.AS 

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