Minesto AB Allows Payment Through Set-Off in Rights Issue to Reduce Debt

Minesto AB Allows Payment Through Set-Off in Rights Issue

On November 3, 2025, Minesto AB’s Board of Directors made a significant decision by allowing Fenja Capital to pay for a portion of its subscription in the company's rights issue through set-off. This strategic move aims to minimize the company's indebtedness and streamline financial obligations during a crucial phase in its operations.

Background on Fenja Capital's Involvement

The rights issue, publicly announced on September 16, 2025, allows existing shareholders and investors to subscribe for new shares in Minesto AB, a company that specializes in marine energy technology. Notably, Fenja Capital had previously provided a loan of 22 million SEK to Minesto on June 18, 2025. This loan was intended for repayment in full by December 30, 2025. Given the context of a fluctuating energy market and the need for financial agility, allowing set-off as part of the rights issue serves a dual purpose: it both clears debt and brings in capital.

Fenja Capital proposed to offset its outstanding loan, including accrued interest totaling about 22.2 million SEK, against the shares it subscribed to during the rights issue. This approach was deemed beneficial for all stakeholders involved, demonstrating a commitment to reduce liabilities without straining company resources.

Importance of the Set-Off Decision

The decision to allow set-off payments presents a strategic advantage for Minesto in an industry that is increasingly focused on sustainability and efficiency. By alleviating debt, the company can direct more resources towards its core mission of harnessing marine energy, thus facilitating further developments in green energy initiatives.

Moreover, this resolution is expected to improve shareholder confidence as it emphasizes prudent financial management and proactive risk mitigation. The Board believes that this move aligns well with the interests of shareholders, particularly in an environment where financial stability and long-term growth are paramount.

Minesto’s Vision and Mission

Founded in 2007, Minesto’s mission is clear: to advance the marine energy sector through innovative technologies. The company's flagship product, a patented marine power plant, effectively generates energy from low-flow tidal streams and ocean currents. Minesto actively operates in Sweden, the Faroe Islands, Wales, and Taiwan, showcasing its commitment to international growth and innovation.

The company's major shareholders include BGA Invest and Corespring New Technology. Its share, reflected under the ticker MINEST, is traded on the Nasdaq First North Growth Market, indicating an investment in a forward-thinking firm on the brink of expanding its market presence.

As industries worldwide pivot towards sustainable practices, Minesto’s initiatives become increasingly relevant. By enabling consistent power production from ocean currents, the company significantly contributes to reducing the global carbon footprint associated with energy generation.

Future Outlook

The strategic maneuver to allow payments through set-off not only represents a smart financial decision for Minesto but also reflects a broader trend in corporate finance where agility is crucial. As more companies navigate the transition towards sustainability, Minesto's role as a pioneer in marine energy technology positions it favorably for future growth.

With the right financial structures in place, Minesto is poised to accelerate its mission and broaden its impact within the renewable energy sector. This vital step towards reducing their debt burden can inspire confidence and foster relationships with investors in this ever-evolving marketplace.

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