Capsol Technologies ASA announced a private placement of minimum of 6,000,000 ordinary shares and maximum of 8,000,000 ordinary shares at an issue price of NOK 12.60 per share for the minimum gross proceeds of NOK 75,600,000 and maximum gross proceeds of NOK 100,800,000 on February 14, 2024. The transaction is expected to close on February 16, 2024. Munters has subject to the conditions below, pre-committed to subscribe for, and will be allocated in the Private Placement.

Certain primary insiders in the company have collectively pre-committed to subscribe for, and will be allocated, approx. NOK 3,000,000 in the Private Placement, NOK 200,000 from the incoming CEO, NOK 200,000 from the current CEO, NOK 200,000 from the CFO, NOK 700,000 from the CMO, NOK 800,000 from the CCO, NOK 100,000 from the chairman of the Board and NOK 775,000 collectively from other members of the Board. In addition, certain existing shareholders and new investors have collectively indicated that they will subscribe for approx NOK 70,000,000 in the Private Placement.

The transaction also includes participation from international investors.