Market Performance
- Minesto AB (MINEST.ST)
- 24‑hour change: ‑7.62 % (trading at SEK 0.85).
- Current supply: 260.1 million shares.
- Market capitalization: SEK 35.4 million.
- Volume traded in last 24 h: SEK 4.4 million.
- Since the end of the previous month: +27.45 %.
- 200‑day simple moving average: SEK 1.09.
- 52‑week high: SEK 2.40 (15 July 2026).
- 52‑week low: SEK 0.50 (11 February 2026).
Corporate Development
Minesto AB has announced a planned rights issue of approximately SEK 130 million.
- The issue will be presented at an extraordinary general meeting scheduled for 23 November 2026.
- Proceeds will fund:
- The first commercial Dragon tidal‑energy arrays in the Faroe Islands and Ireland.
- A micro‑grid project in the Faroe Islands.
- Technology scale‑up activities.
- Working capital for general corporate purposes.
Subscription commitments:
- Largest shareholder and management team: SEK 10.5 million.
- Guarantee from Vator Securities: SEK 67.5 million (≈ 60 % of the issue).
The meeting will also address amendments to the Articles of Association and authorise the board to set the terms of the new issue, including a subscription price expected to be discounted to the share’s theoretical ex‑rights price.
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|---|---|---|---|---|---|
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Company Profile
Minesto AB
- Sector: Electrical equipment – tidal and ocean current power generation.
- Core activity: Development and operation of low‑velocity tidal current power plants.
- Geography: Europe.
- Listing: Nasdaq Stockholm (Swedish Stock Exchange).
- Website: www.minesto.com
