Minesto Reports Successful Exercise of TO4 Warrants and New Share Issues

Minesto's Exercise of TO4 Warrants

On April 3, 2025, Minesto AB, a prominent company in marine energy technology, announced the results of the exercise of its TO4 series warrants. This significant financial maneuver is essential for boosting the company's capital, positioning it for future growth and development.

In total, 9,906,055 warrants of series TO4 were exercised by investors, representing approximately 89.0% of the total outstanding warrants. Each warrant was exercised at a subscription price of SEK 1.54 per share, consequently allowing the issuance of the same number of shares. This influx of capital is expected to enhance Minesto's operational capabilities and further their innovative marine energy solutions.

Financial Implications and Directed Share Issues

The exercise of the TO4 warrants not only demonstrates strong investor confidence in Minesto but also supports the company's strategic goals. As part of this exercise, 1,221,727 shares will be issued via a directed issue to external investor Philip Ohlsson, acting as the underwriter. Additionally, a compensation issue of 667,666 new shares will also be paid to Ohlsson as compensation for the guarantee arrangement, aimed at ensuring the successful uptake of the entire warrant exercise.

The total amount expected from these transactions is around SEK 17.1 million, which will be beneficial for funding ongoing projects and research initiatives at Minesto. By consolidating their financial position through this capital injection, Minesto aligns itself for robust future endeavors in marine energy.

Share Capital and Dilution Effects

With the exercise of the warrants and subsequent share issues, the total number of shares in Minesto will rise from 194,116,040 to 205,911,488, leading to a SEK 589,772.40 increase in share capital. However, shareholders who did not exercise their warrants will experience a dilution effect of approximately 5.7%, a common consequence during such equity-related financial events.

The board has assured that the pricing and execution of the share issues are aligned with market conditions, benefiting both new investors and existing shareholders demonstrating Minesto's commitment to transparency and financial integrity.

Strategic Direction in Marine Energy

Minesto is focused on reducing the global carbon footprint through its innovative marine energy technology. By harnessing the power of ocean currents and low-flow tidal streams, Minesto aims to transform the energy landscape. Their patented product stands out as the only validated marine power plant capable of efficient operation in adaptive environments.

Founded in 2007, Minesto has garnered significant financial support from multiple European entities, making it a leading player in marine energy within the EU. The successful exercise of the TO4 warrants not only underscores its financial health but also its potential to execute groundbreaking projects aimed at making a substantial impact on renewable energy generation.

In conclusion, the recent developments regarding the exercise of warrants and new share issues mark a significant milestone for Minesto. As it continues to innovate and secure funding, the company is poised to maintain its leadership position in the marine energy sector. Stakeholders and investors remain eager to see how these strategic moves will pave the way for Minesto's future advancements and endeavor to minimize the environmental impact of energy production.