Scandinavian Enviro Systems

The ongoing capital raise is to finance the company for the next 18 months and is expected to cover the company's capital needs through the commissioning of the Uddevalla plant and beyond the completion (PAC) of the plant in June 2026, which is the main milestone in the ongoing European expansion.

The subscription period for participation in the rights issue ends today, Monday, June 2, at 23:59.

The ongoing rights issue is already partially guaranteed for approximately MSEK 240 through guarantee commitments, subscription intentions, and subscription commitments, which corresponds to approximately 80.7 percent of the total rights issue of MSEK 300. As part of the issue, the company's board and management have made extensive subscription and guarantee commitments totaling approximately MSEK 20.5.

The company has received subscription intentions from a significant majority of the company's major owners, including Michelin, Handelsbanken Fonder, Swedbank Robur Fonder, Lannebo Kapitalförvaltning, and Coeli Circulus, to subscribe for units in the rights issue corresponding to 18.3 percent of the rights issue.

Those who subscribe for shares in Enviro in the rights issue will receive not only 4 shares per subscribed unit but also a warrant that gives the holder the right to subscribe for one (1) new share in Enviro during the period September 1, 2026, to September 15, 2026. The subscription price will correspond to 70 percent of the volume-weighted average price for Enviro's share on Nasdaq First North Growth Market during the period August 17, 2026, to August 28, 2026, i.e., a 30% discount. The maximum subscription price is set at SEK 1.25 per share.