Heliospectra completes $3 million private placement

Heliospectra AB has completed a private placement of 2,500,000 shares at the issue price of SEK 10 per share. The directed new share issue provides the company with 25 million SEK (2.93 million USD) before transaction costs.

The rights issue has been addressed to some twenty qualified investors. Including Weland Värdepapper AB, sister company to Heliospectra’s largest shareholder, Weland Stål AB, subscribed for 10 million SEK and LMK Ventures AB has subscribed for 3 million SEK.

Staffan Hillberg, CEO of Heliospectra, commented, “We are very pleased in the strong support of our company from the investor base. The private placement is done in order to cover production and purchasing necessary due to the increase in sales. Heliospectra has lately received several breakthrough orders in the U.S. and we anticipate continued increase in sales of our products.”

G & W Fondkommission AB has acted as financial advisor to Heliospectra AB. Aktieinvest FK AB is acting as the issuing institution.

For more information 
Heliospectra AB
Staffan Hillberg, CEO
T: +46-708-36 59 44

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