Advanced Soltech issues approx SEK 24.4 million of new of preference shares

There has been a strong interest in participating in Advanced Soltech's offer to subscribe for preference shares. The company has therefore issued a second round of preference shares within the previous mandate of a total of SEK 75 million, which was announced on July 6, 2021. The new issue enables the company to take advantage of existing business opportunities to ensure a continued offensive expansion strategy without interruption ahead of the planned listing at First North Growth Market together with DNB and Carnegie. The issue of preference shares corresponding to SEK 24.4 million takes place on the same terms as previous issues of preference shares. Investors include Johan Thorell through company.

Advanced Soltech's CEO, Max Metelius comments:

-It is very satisfying to see the continued great interest in investing in companies that can make a difference for the climate. Advanced Soltech welcomes the new shareholders on our continued growth journey. We have a very strong order book and the capital from the issue will mainly be invested in new solar energy plants.