Malta Inc. announced that it expects to receive $74.999999 million in funding from Alfa Laval Corporate AB, Siemens Energy Ventures, Piva, Proman AG, Breakthrough Energy LLC, Chevron Technology Ventures L.L.C.
November 27, 2023
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Malta Inc. announced that it issued 59,059,768 series C preferred shares at issue price of $1.2699 per share for the gross proceeds $74,999,999.3832 in funding on November 28, 2023. The shares will be convertible in common shares at a price of $1.2699 per share. The round is raised at post money valuation of $183,225,463.
The company will issue securities pursuant to exemption provided under Regulation D.
Alfa Laval AB specializes in the design, manufacturing and marketing of equipment and industrial systems for heating, cooling, separating and transporting of substances (oil, water, chemical and food substances, drinks, drugs, etc.). The activity is organized mainly arounf two families of products:
- solid and liquid treatment systems: systems for cooling, evaporation, extraction, drying, etc. intended primarily for the food processing, pharmaceutical, petrochemical, and energy sectors;
- production process equipment: decanters, heat exchangers, pumps, valves, air and liquid filtration systems, etc.
Net sales are distributed geographically as follows: Sweden (2.2%), Europe (32.5%), China (14.1%), South Korea (5.5%), Asia (18.2%), United States (16.7% ), North America (2.1%), Latin America (5.6%), Africa (1.9%) and Oceania (1.2%).
Malta Inc. announced that it expects to receive $74.999999 million in funding from Alfa Laval Corporate AB, Siemens Energy Ventures, Piva, Proman AG, Breakthrough Energy LLC, Chevron Technology Ventures L.L.C.
ALFA LAVAL AB 
