Press release BoxID: 638019 (ItN Nanovation AG)
  • ItN Nanovation AG
  • Untertürkheimer Straße 25
  • 66117 Saarbrücken
  • Contact person
  • Axel Mühlhaus
  • +49 (69) 905505-53

ItN Nanovation AG: Capital increase has been fully placed

Dissemination of an Ad hoc announcement according to § 15 WpHG

(PresseBox) (Saarbrücken, ) ItN Nanovation AG (ISIN DE000A0JL461) has successfully completed its capital increase against cash contribution. The entire volume of 1,687,441 new shares was placed at a price of 2.27 EUR per share with the current shareholders of the company within the subscription period as well as in a subsequent private placement with institutional investors. Nearly 90 per cent of the overall volume was to be attributed to regular subscription and over-subscription. The company considers this successful capital increase and the high demand a vote of confidence in the market positioning and growth strategy of ItN Nanovation, as a result of which the capital stock of ItN Nanovation AG increased to 13.520.207 Euro, divided into the same number of shares. The capital increase is expected to be published shortly in the commercial register.

The gross cash inflow for the company amounts to 3.8 million EUR. The fresh funds will be used to secure liquidity, strengthen the equity base and to finance the expected growth of the company.