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Minesto Reports on Rights Issue Outcomes

On October 28, 2025, Minesto AB, a leader in marine energy technology, revealed the results of its recent rights issue aimed at raising funds for its innovative projects. The company had offered up to 82,364,595 shares, with significant interest from investors.

Subscription Overview

In total, about 40.6% of the rights issue shares, 33,436,356 shares, were subscribed using the subscription rights allotted to existing shareholders. Moreover, an additional 575,828 shares were applied for without subscription rights, leading to a combined total of approximately 41.3% of the rights issue being subscribed.

To fulfill the remaining potential, Minesto will utilize guarantee commitments amounting to 19,501,329 shares—equating to about 23.7% of the total rights issue. This strategic decision will allow the company to raise an anticipated SEK 99 million before costs associated with the issue.

Timeline and Pricing

The rights issue was initiated following board approval on September 16, with shareholder support confirmed during an extraordinary general meeting on October 3. Shares were priced at SEK 1.85 each, appealing to both current and potential investors seeking engagement in the growing marine energy market.

Those who opted to subscribe without the support of rights will receive allocations based on principles outlined in Minesto's prospectus, initially published on October 6. Notifications about allotments will be sent out by October 29, and payments will be structured according to instructions provided in the settlement notes sent to subscribers.

Effect on Share Capital and Market Presence

Upon completion of the rights issue, Minesto will increase its total number of shares from 205,911,488 to 259,425,001, resulting in a share capital boost of SEK 2,675,675.65. Importantly, current shareholders who didn't partake in the issue will experience dilution of approximately 20.6% in their ownership stake.

Additionally, the last trading day for paid subscribed shares is expected to be November 12, 2025, with newly issued shares anticipated to commence trading on Nasdaq First North Growth Market from November 19, 2025.

Underwriting Commission and Advisory Support

As part of the rights issue, Minesto has engaged underwriters with whom guarantee commitments were established. They are set to receive a 10% commission in cash or 12% if they opt for compensation through set-off against new shares in the company. This strategic financial planning showcases Minesto's commitment to ensure the integrity of capital raising, aligning with its growth vision.

Vator Securities AB served as the financial advisor while MAQS Advokatbyrå provided legal counsel throughout this process. The combined expertise of these entities supports Minesto in navigating through the complexities of the financial landscape.

About Minesto

Minesto is more than just a company; it is a pioneer committed to reducing the global carbon footprint of the energy sector by harnessing the vast potential of ocean currents. Founded in 2007, with its technology resulting in the only verified marine power plant operational in low-flow tidal streams, Minesto aims to change how we think about renewable energy. The company's commitment to innovation has garnered it a favorable position among investors and stakeholders in the marine energy sector.

As it strides forward with well-structured financial strategies, Minesto is setting a foundation for sustainable growth and paving the way for a greener future in energy production. Investors and the public alike can follow its journey by visiting www.minesto.com, where they can find extensive resources, including financial reports, prospectuses, and press materials.