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Altech Advanced Materials AG Announces Capital Increase Up to EUR 3.5 Million

Altech Advanced Materials AG (AAM) has resolved to increase its share capital by issuing up to 1,460,500 new no-par value registered shares. The subscription price is set at EUR 2.40 per share, with the expected subscription period from 10 October 2024 to 24 October 2024.

The capital increase aims to raise up to EUR 3.5 million, primarily for the CERENERGY and Silumina Anodes projects through joint ventures Altech Batteries GmbH and Altech Industries Germany GmbH, respectively. Additionally, part of the proceeds will be used as working capital for AAM.

The subscription ratio is 10:1, allowing every ten existing shares or bonds to subscribe to one new share. The new shares will be traded on the regulated market without a prospectus.

R. H.

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