NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
Reference is made to the stock exchange notice from Hexagon Purus ASA (the "Company" or "Hexagon Purus") published on
The Company is pleased to announce that it has raised approximately
The Private Placement attracted strong interest from both existing Hexagon Purus shareholders and new investors wishing to support Hexagon Purus in enabling zero emission mobility, and the book was multiple times oversubscribed.
The net proceeds from the Private Placement will be used for:
- Cylinder and systems capacity expansion across geographies to meet customer demand;
- Investments in automated manufacturing facility and technical center of excellence in
Kelowna, Canada to support and increase production capacity for battery packs and hydrogen storage systems; - Investments in production capacity in
China to serve the fast-growing Chinese market through the joint venture with CIMC Enric; - Organizational scale-up to support continued technological development and capacity expansion; and Working capital as well as for general corporate purposes.
Hexagon Purus in brief
Hexagon Purus, a
For more information, please visit www.hexagonpurus.com and follow @HexagonPurus on LinkedIn and Twitter.
Advisors
For further queries, please contact:
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
Hiva Ghiri, VP Investor Relations
Telephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com
About
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation, and conversion to clean energy in a wide range of mobility, industrial and consumer applications. Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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