Clean Industry Solutions

The net proceeds from the Rights Issue will primarily be used to finance the growth of the subsidiaries and working capital for new customer projects. The Company also expects that the strengthened financial position, combined with increased market demand, will have a positive impact on discussions and negotiations with current and potential customers.
 
The Prospectus, containing complete terms and conditions, is available on the Company's and Nordic Issuing AB's respective websites (https://cleanindustrysolutions.com/en/investor-relations/rights-issue-2023/ and https://nordic-issuing.se). 
 
Preliminary schedule for the Rights Issue

• 12 - 21 September 2023 - Trading in subscription rights
• 12 - 26 September 2023 - Subscription period for the Rights Issue
• 12 September 2023 - Until the Rights Issue is registered with the Swedish Companies Registration Office - Trade in paid subscribed shares (BTA)
• 28 September 2023 - Estimated date for publication of the outcome

 
Terms and conditions for the Rights Issue

• The Rights Issue comprises a maximum of 63,744,405 new shares in the Company.
• Two (2) subscription rights entitle the holder to subscribe for five (5) shares. 
• The subscription price in the Rights Issue amounts to SEK 0.4 per share.
• The Rights Issue corresponds to a valuation of Clean Industry Solutions (pre-money) of approximately SEK 10.2 million.
• The Company has received underwriting commitments of approximately SEK 14.0 million, corresponding to approximately 55 percent of the Rights Issue. The underwriting commitments are not secured by bank guarantees, escrow funds, pledges or similar arrangements, which entails a risk that one or more of the underwriters will not be able to fulfill their commitments.
• Upon full subscription of shares in the Rights Issue, the Company will receive approximately SEK 25.5 million before deduction of issue costs.