Setterwalls has advised SHT Smart High-Tech AB (publ) in a directed share issue of approximately SEK 65 million

SHT Smart High-Tech AB (publ) has completed a directed new share issue of 2,963,636 Class B shares at a price of SEK 22 per Class B share.

SHT Smart High-Tech AB (publ) (“Smart High Tech”), a company listed on Spotlight Stock Market, has completed a directed new share issue of 2,963,636 Class B shares at a price of SEK 22 per Class B share. The directed new share issue amounted to a total of approximately SEK 65 million. The issue was directed to a number of institutional and other qualified investors, and the price per share was determined through an accelerated bookbuilding process.

Smart High Tech develops and manufactures, using nanotechnology, heat-dissipating materials reinforced with graphene, with a focus on electronics cooling.

Setterwalls has advised Smart High Tech throughout the process.