Freemelt secures full backing for a SEK 152 million rights issue to scale its metal additive manufacturing business, with the company targeting positive cash flow by 2029.
Freemelt is initiating a SEK 152 million rights issue to fund its 'Chapter 3' strategic expansion, which focuses on scaling its Manufacturing business area and industrializing its technology platform. The issue is fully covered by subscription and underwriting commitments, but will result in approximately 40% dilution for shareholders who do not participate. The company aims to use these proceeds to reach positive cash flow by 2029.
Shareholders who do not participate in the rights issue will face a dilution of approximately 40% of their shares, votes, and share capital.
The company expects to achieve positive cash flow by 2029.
The subscription price is SEK 1.00 per share, representing a discount of approximately 30.6% compared to the theoretical ex-rights price (TERP).
Freemelt Holding AB has announced a fully guaranteed rights issue of approximately SEK 152 million to accelerate its 'Chapter 3' industrial manufacturing strategy. The capital raise, which is 100% covered by subscription and underwriting commitments, aims to fund operations through to positive cash flow, expected by 2029. Non-participating shareholders face a 40% dilution as the company scales its production systems and manufacturing business areas.
The proceeds will be used to scale the company's Manufacturing and Production Systems business areas, finance working capital, and develop a more scalable base of recurring revenue.
The subscription period runs from November 26, 2026, through December 10, 2026.