Investor news no. 39 – 2023 |
With an investment of over
A small group of institutional investors, including ATP and BankInvest, committed on Monday evening to acquire shares in
"With today's direct issue, we have joined recognized and experienced institutional investors on our growth journey, and we have, at the investors' request and with the full support of the management, chosen to postpone our listing on the Main Market. It is important to be both ambitious and realistic at the same time and, last but not least, to have the right strength to be able to achieve the stated objectives,"says Michael Stadi, who now has the opportunity to equip the organization better financially before a still expected main market listing in the future.
Timely financial preparation before listing
"The objectives of our original announcement from the beginning of 2023 about the now postponed listing on the main market were partly to get large investors on board and partly to get financial forces to expand our markets and increase our global relevance within materials research. With today's issue, we have now succeeded in both parts, and we can therefore look forward to a listing on the main market sometime in the future. The financial armour we have now achieved must ensure that it is an even bigger and stronger FOM that one day in the future applies for admission to the main market when the time is right",says Michael Stadi, who together with the management had to revisit the previous objective of achieving a listing already this year.
Postponement just needed to be digested
“It has been a unanimous group of institutional investors who sincerely want the best for us that has influenced us to this decision. Namely, to use every effort to grow even bigger and stronger for a period, and therefore could take the Main Market by storm at a later stage. We just had to digest that, but the board and management have declared their full agreement. Often it is favourable to be challenged a little, and together achieve an even better result,"says Michael Stadi.
According to Michael Stadi, the money raised must be used in three main areas. The overall organization, including the sales office in the
Principal owners still have their hand on the stove
According to Michael Stadi, it now made sense for the company's two main shareholders to dispose of a smaller portion of their shares in order to meet the issue.
"For both my partner and myself, we are two founders who sell shares.
This investor news will not change the 2023 financial guidance for revenue and EBITDA.
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CONTACT INFORMATION:
Selskab/Company:
CEO
Phone: +45 20 66 60 44
E-mail: ms@fomtechnologies.com
www.fomtechnologies.com
Certified Advisor:
Norden CEF A/S
Phone: +45 20 72 02 00
E-mail: jn@nordencef.dk
www.nordencef.dk
Kommunikation/Communication:
Boris Gullev
Phone: +45 31 39 79 99
E-mail: borisgullev@gmail.com
www.gullev.co
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Contacts
- Michael Stadi, CEO, +45 20 66 60 44, ms@fomtechnologies.com
Attachments
- Download announcement as PDF.pdf
© Ritzau Denmark, source