Powercell: Directed issue of SEK190m - Redeye

Redeye was not surprised to see that Powercell last night carried out a directed share issue of SEK190m, before transaction costs. In our view, this should be sufficient to take the company to break even in 2026. Proceeds will be used to: “support the OEM commercialization phase and accelerate the development of new products and applications”. The subscription price was SEK33 per share, a discount of around 10%. As the dilution for existing shareholders is limited to ~10% and Powercell’s finances were a bit stretched, the transaction makes sense and will only have a minor impact on our valuation.

Länk till analysen i sin helhet: https://www.redeye.se/research/1064644/powercell-directed-issue-of-sek190m?utm_source=finwire&utm_medium=RSS