Avantium has raised US$33.6m via an accelerated bookbuild offering
Avantium N.V. has raised US$33.6 million through an accelerated bookbuild offering of 5,206,589 new ordinary shares, representing approximately 19.99% of the company’s issued share capital. The shares have been placed at a price of US$6.42 (€5.35) per new ordinary share.
Avantium, founded in 2000 and headquartered in Amsterdam, is a leading technology development company and a forerunner in renewable chemistry. Together with its partners around the world, the company focuses on developing and commercializing breakthrough technologies for the production of chemicals from renewable sources and circular plastic materials used for a variety of consumer products. In addition, the company also provides advanced catalysis R&D services and systems to clients active in the refinery and chemical industries.
In January 2020, Avantium signed a letter of intent regarding its new FDCA flagship plant in Delfzijl, the Netherlands, for which it has currently signed five conditional offtake agreements for over 50% of its production capacity. The world’s first commercial FDCA plant will produce plant-based FDCA, a key building block for many chemicals and plastics such as PEF. The US$33.6 million capital increase marks an important step for Avantium towards a positive final investment decision for the construction of the plant.
Oaklins’ team in the Netherlands acted as financial advisor to Avantium and raised over 17% of pre-commitments.
Tom van Aken
CEO, Avantium N.V.
Gerbrand ter Brugge
Jan-Willem de Groot
Change Financial (ASX:CCA) has raised US$4 million
Change Financial has completed a capital raise to help accelerate product enhancement, repay its debt, provide working capital and cover the costs of the offer.更多信息
Frenkel Topping has completed the placing of new shares
Frenkel Topping has raised funds to continue consolidating the highly fragmented professional services marketplace in this niche sector.更多信息
LHN Logistics has raised S$5.0m (US$3.6 million) in gross proceeds
LHN Logistics Limited has completed a fundraising to partially finance the construction of an ISO tank depot, expand the transportation fleet and acquire moving equipment.更多信息