23.04.21 / News

MAQS legal advisor to Minesto in its rights issue of approx. SEK 120 million

Minesto AB (publ) has carried out a rights issue of shares of approximately SEK 120 million before deduction of transaction costs.

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling plannable commercial power production from the ocean.

The proceeds from the rights issue are intended to be used for, among other things, continued commercialization and expansion of the company's project portfolio in early target markets, financing the completion of the Dragon 12 power plant as well as investments in infrastructure and strengthening the balance sheet.

Pareto Securities AB and Skandinaviska Enskilda Banken AB acted as Joint Global Coordinators and Bookrunners and MAQS Advokatbyrå was legal advisor to the Minesto in connection with the rights issue.

MAQS team mainly consisted of Eric Ehrencrona, Fredrik Brusberg, Johan Kristoffersson and Sophie Nordmark White.

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