The first quarter started positively, with several customer projects from the 150-strong pipeline moving closer to ramp-up and commercial phase. The Advanced segment showed strong momentum during the period. Outlast® Technologies launched its new product Aersulate®, and Matrix Brands is preparing for its upcoming market introduction. Additionally, another customer within the Advanced segment entered the commercial phase through an initial order of two tonnes of Quartzene®. Negotiations are currently ongoing for a long-term supply agreement, with a potential growth in coming the year. Meanwhile, the project portfolio continues to grow and we received additional traction through our participation in the European Coatings Show in March.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL, REQUIRE REGISTRATION OR OTHER MEASURE PURSUANT TO APPLICABLE LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. Svenska Aerogel Holding AB (publ) (“Svenska Aerogel” or the “Company”) has completed a rights issue of shares, where the subscription period ended on March 24, 2025 (the “Rights Issue”). The Rights Issue has today, April 2, 2025, been registered with the Swedish Companies Registration Office. The last day of trading in paid subscribed shares (“BTA”) will be April 2, 2025. The record date is April 4, 2025, after which the BTAs will be converted into shares on April 8, 2025. Shares are expected to be distributed to the investors’ VPC accounts/custody accounts on April 8, 2025.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL, REQUIRE REGISTRATION OR OTHER MEASURE PURSUANT TO APPLICABLE LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. The board of directors of Svenska Aerogel Holding AB (publ) (“Svenska Aerogel” or the “Company”) today announces the final outcome of the rights issue of shares that the board of directors, based on the authorization of the annual general meeting 2024, decided on February 26, 2025 (the “Rights Issue”). The final outcome shows that the Rights Issue was subscribed to a total of approximately 57.5 per cent, of which 9,671,906 shares, corresponding to approximately 50.9 per cent of the Rights Issue, were subscribed for with subscription rights and 469,901 shares, corresponding to approximately 2.5 per cent of the Rights Issue, were subscribed for without subscription rights. Further, 784,027 shares, corresponding to approximately 4.1 per cent of the Rights Issue, were subscribed for through the fulfillment of guarantee commitments. Through the Rights Issue, the Company will receive net proceeds of approximately SEK 24.6 million before set-offs and issuing costs.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL, REQUIRE REGISTRATION OR OTHER MEASURE PURSUANT TO APPLICABLE LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. The board of directors of Svenska Aerogel Holding AB (publ) (“Svenska Aerogel” or the “Company”) today announces the preliminary outcome of the rights issue of shares that the board of directors, based on the authorization from the annual general meeting 2024, decided on February 26, 2025 (the “Rights Issue”). The preliminary outcome in the Rights Issue indicates that the Rights Issue was in total subscribed to approximately 57.5 per cent, of which 9,671,872 shares, corresponding to approximately 50.9 per cent of the Rights Issue, were subscribed for with subscription rights, 469,901 shares, corresponding to approximately 2.5 per cent of the Rights Issue, were subscribed for without subscription rights and 784,061 shares, corresponding to approximately 4.1 per cent of the Rights Issue, were subscribed for through the fulfillment of guarantee commitments. Through the Rights Issue, the Company will receive net proceeds of approximately SEK 24.6 million before set-offs and issuing costs.
Today, Svenska Aerogel received an order of two tons from a North American manufacturer specializing in high-performance thermal insulation solutions for outdoor products. At the same time, discussions have commenced regarding a supplier agreement, with further details to be communicated once negotiations are concluded. This marks the beginning of a long-term partnership and represents a significant step in the company’s commercial growth and market expansion within the Advanced segment.
On Monday, March 17, Jonas Lundberg, Chairman of the Board at Svenska Aerogel, and Tor Einar Norbakk, CEO, participated in an interview with Investor Studios. The discussion focused on the company’s development, exciting opportunities ahead, and how Svenska Aerogel is positioning itself for growth.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL, REQUIRE REGISTRATION OR OTHER MEASURE PURSUANT TO APPLICABLE LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. Today, March 10, 2025, the subscription period begins for Svenska Aerogel Holding AB (publ)’s (“Svenska Aerogel” or the “Company”) rights issue of shares amounting to approximately SEK 42.7 million which the board of directors, based on the authorization from the annual general meeting on 18 June 2024, decided on February 26, 2025 (the “Rights Issue”). The subscription period runs until March 24, 2025. However, please note that some banks and custodians may have an earlier final response date for subscription in the Rights Issue. Shareholders should therefore check with their bank or custodian if they have an earlier response date for subscription of shares.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL, REQUIRE REGISTRATION OR OTHER MEASURE PURSUANT TO APPLICABLE LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. Svenska Aerogel Holding AB (publ) (“Svenska Aerogel” or the “Company”) has prepared a disclosure document (the “Disclosure Document”) for the forthcoming issue of shares consisting of shares with preferential rights for existing shareholders (the “Rights Issue”), which the board of directors, based on the authorization from the annual general meeting on 18 June 2024, resolved on 26 February 2025.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL, REQUIRE REGISTRATION OR OTHER MEASURE PURSUANT TO APPLICABLE LAW. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE. The board of directors of Svenska Aerogel Holding AB (publ) (“Svenska Aerogel” or the “Company”) has today, 26 February 2025, based on the authorization from the annual general meeting on 18 June 2024, resolved to carry out a new issue of up to 19,001,452 shares with preferential rights for the Company’s existing shareholders (the “Rights Issue”). The subscription price has been set at SEK 2.25 per share. Upon full subscription of the Rights Issue, Svenska Aerogel will receive approximately SEK 42.7 million before issue related costs. The Company has received subscription commitments from existing shareholders, including members of the board of directors and management, amounting to approximately SEK 11 million, corresponding to 25.7 percent of the Rights Issue. In addition to subscription commitments, a number of external investors have entered into underwriting commitments of approximately SEK 13.6 million, corresponding to 31.8 percent of the Rights Issue. Thus, the Rights Issue is covered to approximately 57.5 percent through subscription commitments and underwriting commitments.
