Setterwalls has assisted Hexicon and Pareto Securities AB in connection with listing of Hexicon AB’s shares on Nasdaq First North Premier Growth Market

Setterwalls has assisted Hexicon AB (publ) (”Hexicon“ or “the Company”), and Pareto Securities AB in connection with Hexicon’s listing on Nasdaq First North Premier Growth Market. Hexicon develops floating wind farms and has its own technology for floating platforms for two turbines. First day of trading is expected to take place today on 18 June.

The offering is directed to the general public in Sweden and to institutional investors in Sweden and abroad. The subscription price is SEK 3.00 per share, which corresponds to a market value for the Company’s shares of MSEK 788 before the offering. The offering comprises a new issue of MSEK 300 and includes an over-allotment option. If the Offering is fully subscribed and the over-allotment option is exercised in full, the Offering will correspond to a value of MSEK 345.

Hexicon is a project developer of floating wind farms and develops its own technology for floating platforms for two turbines. In recent years, the Company has established a market position in key markets such as South Korea, Scotland, Sweden, Spain, South Africa and Ireland. In line with the increasing energy needs worldwide, Hexicon is well positioned to contribute to a sustainable electricity supply through the Company’s services and be able to participate in the global development of offshore renewable energy.