ISHE board decides to conduct a rights issue and to sign term sheet for the acquisition of SolarSpring GmbH
On 8 January 2020, Industrial Solar Holding Europe AB (ISHE) announced that the Board of Directors had resolved to launch a rights issue of SEK 24.7M with preferential rights for existing shareholders. The terms of this right issue are announced through this press release.Background of this right issue is the planned acquisition of the company SolarSpring GmbH, a spin-off from the Fraunhofer Institute for Solar Energy systems in Freiburg and a manufacturer of innovative membrane-based water treatment systems.Industrial Solar announces that the Company's Board of Directors, using the