Brief: Renewcell Raises Gross Proceeds Of SEK 240 Mln In Share Issue

Renewcell AB

30/06/2023 08:06

June 30 (Reuters) - Renewcell AB  RENEW.ST :
    * ON THURSDAY DECIDED TO CARRY OUT DIRECTED ISSUE OF
3,333,333 NEW
SHARES, AT A SUBSCRIPTION PRICE OF SEK 72 PER SHARE 
    * RAISED PROCEEDS OF APPROXIMATELY SEK 240 MILLION BEFORE
TRANSACTION COSTS IN ISSUE
    * PROCEEDS WILL MAINLY BE USED TO FINANCE OPERATIONAL
EXPENSES
DURING  LONGER RAMP-UP OF PRODUCTION, ADDITIONAL WORKING CAPITAL
REQUIREMENTS AND INCREASED CAPITAL EXPENDITURES

        
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