Ripasso Energy AB Initial Public Offering fully subscribed
Subscription for new shares in Ripasso Energy AB (publ) (”Ripasso Energy”) closed October 26, 2016 and the offering was fully subscribed. The company will issue 5.75mln new shares and will receive 23MSEK in proceeds from the offering. The number of shares in Ripasso Energy will be 59,607,500 post-issue. The newly issued shares constitute 9.6% of all shares. Ripasso Energy has applied for listing at NGM Nordic MTF and first day of trading is planned for November 28, 2016.
”It has been a great experience to see the interest from new investors during our road show. I am very pleased with the large number of participants in the offering. We now have the financial strength to deliver hybridized Stirling engines to our first commercial plants on Sicily the coming year”, says Gunnar Larsson, CEO and founder of Ripasso Energy.
Ripasso Energy has developed a Stirling engine that can be operated using both solar and a variety of fuel types. The solar hybrid solution provides what the market wants – the maximum fraction of renewable energy paired with 100 percent availability. Through a partnership with Sibbhultsverken AB, Ripasso Energy is able to mass produce the Stirling engine and bring the costs down to a level that opens up a large market. We are currently preparing to commence production of Stirling engines for commercial use.
Legal advisor is Törngren Magnell. Issuing agent and mentor at NGM Nordic MTF is Eminova.
For further information, please contact Gunnar Larsson, CEO at firstname.lastname@example.org or visit www.http://ripassoenergy.com/en/
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