Eurobattery Minerals' Rights Issue Reaches 60% Subscription

Eurobattery Minerals AB, a mining company listed on Nordic Growth Market, has announced the preliminary outcome of its rights issue. The rights issue, which was initially approved in October 2024, aimed to raise approximately SEK 35.5 million. The company reported that the rights issue is subscribed to 60.0 percent. This includes 41.7 percent subscribed with and without unit rights, alongside underwriting commitments accounting for about 18.3 percent. Consequently, Eurobattery Minerals expects to receive total proceeds of SEK 21.3 million before issue costs.

The subscription period ran from October 30 to November 13, and the unit price was set at SEK 0.70. Each unit consists of seven new shares and four warrants. Final allocations reports will be issued by November 15. Additional shares from this rights issue will increase the total number of company shares by over 213 million, resulting in a significant rise in share capital.