NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTION WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR ANY OTHER MEASURES.
The Board of Directors of SaltX Technology Holding AB (publ) ("SaltX" or the "Company") has prepared and published an information document regarding the Company's new issue of Class B shares of approximately SEK 100 million before deduction of issuance costs, with preferential rights for existing shareholders, which was resolved by the Board on 25 November 2025 based on the authorization from the Annual General Meeting on 25 April 2025 (the "Rights Issue").
Information Document
The Company has, in connection with the Rights Issue, prepared an information document (the "Information Document") in accordance with Article 1.4 db of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (the "Prospectus Regulation"). The Information Document has been drafted in accordance with Annex IX of the Prospectus Regulation.
SaltX announces today that the Information Document has been registered with the Swedish Financial Supervisory Authority and is available on the Company's website, www.saltxtechnology.com, as well as on DNB Carnegie's website, www.dnbcarnegie.se
Summary of the Rights Issue
- The primary purpose of the Rights Issue is to strengthen SaltX's liquidity in order to enable further development and scaling of the Company's technology as well as continued commercial and organizational development.
- The subscription price in the Rights Issue is SEK 3.52 per share. Upon full subscription in the Rights Issue, the Company receives approximately SEK 100 million before deduction of transaction costs, which are expected to amount to a maximum of SEK 7.0 million, of which approximately SEK 1.9 million relates to guarantee commission, assuming that all external guarantors opt for cash commission.
- Those who, on the record date of 3 December 2025, are registered as shareholders in SaltX, will have preferential rights to subscribe for new shares in the Rights Issue. The last day of trading in SaltX's shares including the right to receive subscription rights in the Rights Issue is 1 December 2025.
- The Rights Issue comprises a maximum of 28,419,048 class B shares.
- One (1) existing share in SaltX entitles to one (1) subscription right. Seven (7) subscription rights entitle to subscription of one (1) new share in the Rights Issue.
- The subscription period runs from and including 5 December 2025 up to and including 19 December 2025.
- The Company has received subscription commitments totalling approximately SEK 41.9 million, corresponding to approximately 41.9 percent of the Rights Issue. The subscription commitments have been provided by the Company's thee largest shareholders Stiftelsen Industrifonden, SMA Mineral AB and ABB Ltd (corresponding to approximately SEK 37.8 million), other large shareholders in the Company (corresponding to approximately SEK 3.8 million) as well as members of the Company's Board of Directors and management team who hold shares in the Company (corresponding to approximately SEK 0.3 million).
- The Company has furthermore received guarantee undertakings from existing shareholders and external investors totalling approximately SEK 58.1 million, corresponding to approximately 58.1 percent of the Rights Issue. The guarantee undertakings have been provided by the Company's two largest shareholders Stiftelsen Industrifonden and SMA Mineral AB, corresponding to an aggregate amount of approximately SEK 31.0 million, and by the two external investors Exelity AB and Nowo Global Fund, corresponding to an aggregate amount of approximately SEK 27.0 million.
- The Rights Issue is thus covered to 100 percent by subscription commitments and guarantee commitments.
- The Board of Directors may, in the event of oversubscription in the Rights Issue, resolve to exercise an over-allotment option of no more than 2,840,909 Class B shares, corresponding to a maximum of SEK 10 million before deduction of transaction costs, directed to investors who have subscribed for shares in the Rights Issue without receiving full allotment (the "Over-Allotment Option"). The subscription price in the Over-Allotment Option will be the same as in the Rights Issue, i.e. SEK 3.52 per share.
Preliminary timetable for the Rights Issue
Last day of trading in the share including the right to participate in the Rights Issue | 1 December 2025 |
First day of trading in the share excluding the right to participate in the Rights Issue | 2 December 2025 |
Record date for participation in the Rights Issue | 3 December 2025 |
Trading in subscription rights on Nasdaq First North Premier Growth Market | 5 December-16 December 2025 |
Subscription period | 5 December-19 December 2025 |
Trading in BTA (paid subscribed shares) on Nasdaq First North Premier Growth Market | 5 December-9 January 2026 |
Planned date for disclosure of the outcome in the Rights Issue | 22 December 2025 |
Planned first day of trading in new class B shares on Nasdaq First North Premier Growth Market* | 15 January 2026 |
*Note that depending on different routines at different banks and custodians the trading may begin before or after this date. | |
Advisors
SaltX has engaged DNB Carnegie Investment Bank AB (publ) as financial advisor and TM & Partners as legal advisor in connection with the Rights Issue.
For more information, please contact:
Lina Jorheden (CEO) +46 708-25 11 83
Rickard Lindgren (CFO) +46 727-19 93 31
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About SaltX Technology
SaltX is a Swedish Greentech company that develops and markets sustainable technology that will benefit customers, the climate, and society. The company operates within the electrification of emission-intensive industries such as the lime and cement industries. SaltX Technology's share is listed on the Nasdaq First North Premier Growth Market with FNCA Sweden AB as Certified Adviser. For more information, visit: www.saltxtechnology.com.
IMPORTANT INFORMATION
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to legal restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in SaltX in any jurisdiction, neither from SaltX nor from someone else.
This press release is not a prospectus for the purposes of the Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. No prospectus will be prepared in connection with the Rights Issue. The Company has prepared and published an information document in accordance with Annex IX of the Prospectus Regulation. Each investor is encouraged to make their own assessment of whether it is appropriate to invest in the Company.
This press release does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement relating to the Rights Issue is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this press release or its accuracy or completeness.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public Rights Issue of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the USA, Australia, Belarus, Hongkong, Japan, New Zealand, Russia, Singapore, South Africa or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.
Forward-looking statements
This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is required by law or Nasdaq First North Growth Market's rule book for issuers.