Bawat Water Technologies AB Has Received Final Approval From Nasdaq – First Day Of Trading Is March 28, 2022
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
Stockholm, Sweden, March 24, 2022: Bawat Water Technologies AB (“Bawat” or the “Company”) announces that the Company has received final approval for its listing on Nasdaq First North Premier Growth Market (“First North”). Bawat also announces that the Swedish Companies Registration Office has registered the Company's issue of units and that the first day for trading for the shares and warrants will be on Monday, March 28, 2022. The Company's shares will be traded under the short name “BAWAT” and ISIN code SE0017487424 and the warrants of series TO 1 are traded under the short name "BAWAT TO 1" and ISIN code SE0017563265. Svensk Kapitalmarknadsgranskning AB is the Company's Certified Adviser. Translution Capital is the financial advisor. Advokatfirman Lindahl KB and Gorrissen Federspiel are the Company’s legal advisor for Swedish and Danish law respectively in connection with the issue of units. Nordic Issuing acts as issuing agent.
Certified Adviser
Svensk Kapitalmarknadsgranskning AB
Telephone: +46 11 32 30 732
ca@skmg.se
For further information, please contact:
Marcus P. Hummer, CEO
Telephone: +45 8870 8803
E-mail: mph@bawat.com
ABOUT BAWAT
Bawat markets its patented ballast water management system (“BWMS”) globally, a cost efficient, flexible, and sustainable solution to the problem of ballast water treatment. While ballast water is essential for modern shipping operations, it also poses ecological, economic and health problems due to the multitude of marine species and pathogens inadvertently transferred between ecosystems when ballast water is dumped. Using otherwise wasted excess onboard engine heat to achieve pasteurization, Bawat’s system offers several advantages over other ballast water treatment technologies. In addition to negligible operating cost and environmental impact, the advantages include better efficacy, the absence of harmful chemicals, and not least, an ability to function equally well in seawater, brackish water, and freshwater. Bawat’s system is suited for on-board vessel solutions and at-port (land based) containerized installations and is the only heat-based system on the market today. The system is approved by both the International Maritime Organization and the U.S. Coast Guard.
Forward-looking statements
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans, and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “aims”, “targets”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth, or strategies. Forward-looking statements speak only as of the date they are made and are subject to change without notice and do not purport to contain all information that may be required to evaluate the Company. The information included in this press release may be subject to updating, revision and amendment and such information may change materially. No person is under any obligation to update or keep the current information contained in this press release and any opinions expressed relating thereto are subject to change without notice.