In order to pursue the Company’s strategy and execute the current business plan, the Annual General Meeting of the company resolved on 20 April 2017 to issue new Series B shares with preferential rights for existing shareholders.
On April 20, 2017, the Annual General Meeting decided on a rights issue of 100 million SEK aimed at increasing the investment in large-scale energy storage – EnerStore – and ensuring the company’s future financing needs. The rights issue is 100 % guaranteed through subscriptions from main shareholders and a guarantee consortium.
The prospectus shows that SaltX Technology’s total market potential is estimated at 160 billion SEK per year, of which the EnerStore application amounts to 100 billion SEK.
