Investors led by ATP acquire shares in FOM Technologies
Bech-Bruun has assisted FOM Technologies in carrying out a direct issue to a smaller group of institutional investors.
FOM Technologies is a leading supplier of lab- and pilot-scale slot-die coating tools for advanced materials R&D.
With an investment of more than DKK 43 million, FOM Technologies has postponed the previously announced listing on the Main Market. The capital raise will further strengthen FOM Technologies on several fronts before a future listing on the Main Market.
The group of institutional investors includes ATP and BankInvest, which are some of the most influential investors in Denmark. Therefore, the transaction is an endorsement of FOM Technologies, and it is particularly unique as it is the first of its kind for a Nasdaq First North-listed company with both a primary and secondary component.
Chairman of the board in FOM Technologies and Bech-Bruun Partner Andreas Nielsen, states:
“In an otherwise challenged market for capital raising on Nasdaq First North, we are very proud of the commitment a group of Danish “blue chip” investors have made to the company and welcome them on our growth journey. At the company’s IPO in 2020, we raised one of the smallest amounts ever for an IPO in Denmark, as we wanted to show our investors that we could deliver results before asking for additional funds. Today, we are of the opinion that we have shown great results, and we believe that the time has come to strengthen our capital structure. The funds from the new investors will enable the company to increase business and meet the growing demand for our products so that we can continue our growth journey.”
We congratulate FOM Technologies and the investors on the transaction.
#BechBruun #Transaction
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