Agricoltura
Sweden's Vegan Algae Pioneer Simris to Raise SEK 29 Million Through Rights Issue
Simris has developed an industrial process for growing microalgae to produce omega-3, as an alternative to fish oil and krill. Its ground-breaking 2 000 square metres algae farm is based in Hammenhög in southern Sweden .
Simris owns the entire value chain from farm to bottle, i.e. from cultivation to finished product. The products are sold under the proprietary Simris® Algae Omega-3 consumer brand, targeted at the globally growing markets for wellness products and plant-based alternatives. Pending Novel Foods approval in the European Union, the products are currently launched on the US market, including trendsetting retailers such as Goop and Erewhon Market. The company also has a distribution agreement in South Korea , and retail agreements with Sweden's major department store Åhléns and largest pharmacy chain Apoteket.
Simris was one of the first publicly listed vegan companies, with a listing on the Nasdaq First North Growth Market in 2016. The company is still in development phase and aims to create long-term sustainable profit for its shareholders, in harmony with our society, our environment and the climate.
Simris seeks to raise SEK 29.1 million through a rights issue of units at 0.90 SEK per share. The company may receive an additional SEK 1.9 - 38.8 million through exercise of attached warrants. The rights issue is secured to 50 percent through subscriptions and underwriting commitments. Last day of the subscription period is 8 July 2020.
IMPORTANT INFORMATION: NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE USA OR ANY OTHER JURISDICTION WHERE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE ILLEGAL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OR INVITATION TO OBTAIN OR SUBSCRIBE TO SECURITIES IN SIMRIS IN ANY JURISDICTION, NEITHER FROM SIMRIS OR ANY OTHER PARTY.
Fredrika Gullfot, CEO Simris
Tel: +46-761-345-474, email: gullfot@simris.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/simris-alg/r/sweden-s-vegan-algae-pioneer-simris-to-raise-sek-29-million-through-rights-issue,c3145747
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