Saule Sp. z o.o. announced that it will receive €10,000,000 in an equity round of funding on September 3, 2020. The transaction will include participation from Columbus Energy S.A. (WSE:CLC). The company has entered into an investment agreement with the investor, as a part of transaction the investor will acquire 20% stake in the company. The company will receive the funding on two tranches, the signing of the agreement for the subscription for these shares in first tranche of €6,000,000 will be completed by September 3, 2020; the shares will be covered by a cash contribution by September 4, 2020 and the signing of the agreement for the subscription for these shares in second tranche of €4,000,000 will be implemented by December 28, 2020; the shares will be covered by a cash contribution by December 29, 2020. Neither party may terminate this investment agreement until 5 years from the date of signing. The investor has a right to nominate 2 candidates out of 5 members of the supervisory board. On the same day the company issued 187,493 A shares for proceeds of €6,000,000 in its first tranche closing. The tranche has been approved by the shareholders in its Extraordinary General Meeting of the company.