Enapter AG Initiates €12 Million Capital Increase with Full Placement Secured

Enapter AG has announced a rights issue to raise €12 million in total. This includes a cash capital increase of €2.4 million, with subscription rights for shareholders open until December 10, 2025. Up to 1.5 million new shares will be available at a price of €1.58 each. Furthermore, a €9.6 million zero-coupon mandatory convertible bond will be issued, with core investors Svelland Global Trading and CVI-Investments securing full placement of the capital boost.

The funds are intended to support liquidity and fulfill existing orders, aiming for operational break-even by 2026. Both investors have agreed to a six-month lock-up period on their shares, representing 65% of the post-increase shares. The new shares are expected to trade on the Frankfurt and Hamburg exchanges from December 11, 2025. Enapter's move is designed to bolster its leadership in AEM technology for green hydrogen production.