Azelio AB (publ) ("Azelio" or the "Company") offers a system of Stirling engine-based concentrated solar power with thermal energy storage. On November 12, 2018 Azelio announced its intention to list the Company's shares on Nasdaq First North and to raise capital through an issue of new shares, in order to finance continued growth of the Company (the "Offering").
The purpose of the Offering is primarily to finance Azelio’s continued industrialisation of its system’s design, construction and production, with the aim to achieve industrialised volume production. The Company also intends to establish a sales and marketing organisation that will work in a structured way to increase awareness of the Company and to establish, maintain and develop relationships with potential customers in the markets that the Company regards as being of interest. Azelio expects the first commercial order of the Company's system to be received during the first half of 2020, and by that time, the Company intends to make further investments in production, such as tools and production equipment and in recruiting and training production personnel, and in computer and production sytems.
The Offering is expected to render proceeds of approximately SEK 300 million before transaction costs.
Application period for the general public November 20 - December 4, 2018
Application period for institutional investors November 20 - December 5, 2018
First day of trading and settlement December 10, 2018
FNCA Sweden AB is the certified advisor for Azelio