Last day for subscription of units in Clean Industry Solutions Holding Europe AB's (publ) ongoing rights issue

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Friday, October 14, 2022, is the last day for subscription in Clean Industry Solutions Holding Europe AB’s (publ) (“Clean Industry Solutions” or the “Company”) ongoing rights issue of units of approximately SEK 23 million (the "Rights Issue").  The last day of trading in unit rights on Nasdaq First North Growth Market is today, 11 October 2022.  Note that some banks and managers have an earlier date for subscription. Shareholders should therefore check with their bank or nominee whether they are using an earlier subscription end date.

The Rights Issue comprises a maximum of 15,313,792 units consisting of shares and warrants of approximately SEK 23 million before issue costs. Each unit consists of one (1) new share and one (1) warrant. The subscription price amounts to SEK 1.50 per unit, which corresponds to SEK 1.50 per share. Upon full exercise of all warrants issued in the Rights Issue, the Company may receive an additional approximately SEK 15.3-45.9 million before issue costs. In connection with the Rights Issue, the Company has received subscription commitments of approximately SEK 2 million and issue guarantees of approximately SEK 12.9 million, corresponding to a total of approximately 65 percent of the Rights Issue. 

The proceeds from the Rights Issue are primarily intended to be used to finance the subsidiaries' growth and working capital for new customer projects. The Company also expects that the strengthened financial position, combined with increased market demand, will have a positive impact on discussions and negotiations with current and potential customers.

For complete terms and conditions, as well as other information about the Rights Issue, please refer to the memorandum prepared in connection with the Rights Issue, which is available on Clean Industry Solutions' website: www.cleanindustrysolutions.com. 

Advisor
Corpura Fondkommission AB (www.corpura.se) is acting as financial advisor and Fredersen Advokatbyrå AB is acting as legal advisor to Clean Industry Solutions in connection with the Rights Issue. 

Amudova AB is Clean Industry Solutions’ certified adviser. Phone +46 8 546 017 58
E-mail: info@amudova.se

For more information:
Christian Zahler, CEO
Tel: +49 151 53811944
E-mail: christian.zahler@cleanindustrysolutions.com

Clean Industry Solutions Holding Europe AB holds 100% of Industrial Solar GmbH and 100% of SolarSpring GmbH - both located in Freiburg/Germany.  
Industrial Solar GmbH is an international leading technology and solution provider, which develops projects mainly based on its innovative Fresnel collector technology suitable for fulfilling an expected growing market of solar process heat. As a one-stop-shop Industrial Solar offers turnkey solutions for customers in several industries.
Find out more about Industrial Solar GmbH at the following address:
https://www.industrial-solar.de/en/

Founded in 2009 as a spin-off of the Fraunhofer ISE, SolarSpring GmbH - membrane solutions, has evolved into an international pioneer in the field of membrane distillation offering innovative waste- and drinking water treatment technology.
Find out more about SolarSpring GmbH at the following address:
https://solarspring.de/en/

Important information
The publication, release or distribution of this press release may be subject to restrictions in certain jurisdictions. Recipients of this press release in those jurisdictions where this press release has been published, disclosed or distributed should inform themselves of and observe any such restrictions. This press release does not constitute an offer of, or an invitation to acquire or subscribe for, any securities of Clean Industry Solutions in any jurisdiction. 

This press release does not constitute an offer or invitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The information contained in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United Kingdom, the United States, Canada, Japan, Australia, Hong Kong, New Zealand, South Africa, South Korea or any other jurisdiction where such release, publication or distribution would be contrary to applicable law or regulation. 
Within the European Economic Area, no securities are offered to the public in any country other than Sweden. 

This press release contains certain forward-looking information that reflects the Company's current views on future events and financial and operational developments. Words such as "intends", "estimates", "expects", "may", "plans", "believes", "estimates" and other expressions which imply indications or predictions of future developments or trends, and which are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently subject to known and unknown risks and uncertainties because it depends on future events and circumstances. Forward-looking information is not a guarantee of future performance or development, and actual results may differ materially from those expressed in the forward-looking information.