Smoltek Nanotech Holding AB (“Smoltek” or the “Company”) is carrying out a partially secured rights issue of approximately SEK 32.0 million before issue costs (the “Rights Issue”). The proceeds from the Rights Issue are primarily intended to support continued technology development within the semiconductor and hydrogen business areas, and to enable partnership dialogues for commercialization.

Smoltek’s press release can be found here.

Background and motive
Smoltek is a Swedish nanotechnology company that has taken several important steps towards industrialization and commercialization in the past year within its two business areas, semiconductors and hydrogen, which are conducted through the subsidiaries Smoltek Semi and Smoltek Hydrogen respectively. The operations are based on the Company's patented technology for the production of vertical carbon nanofibers (CNF), with applications in advanced capacitors for the semiconductor industry, and electrodes intended primarily for PEM electrolyzers in the hydrogen industry.

The Company’s Board of Directors sees a need to strengthen the financial position to enable continued technology development, evaluation projects, and commercialization collaborations, which the upcoming Rights Issue aims to address by financing ongoing business development in both the hydrogen and semiconductor segments.

About Smoltek
Smoltek develops new products with disruptive performance, based on nanotechnology, that solve advanced material technology problems in several industrial sectors and is currently active in two business areas: semiconductors and hydrogen. The company protects its unique carbon nanotechnology through an extensive patent portfolio consisting of more than 110 applied for patents, of which 96 are currently granted. Smoltek's share is listed on the Spotlight Stock Market under the ticker SMOL. Smoltek is a development company and forward-looking statements regarding time to market, production volume and price levels should be interpreted as forecasts and not commitments.

Corpura acts as financial adviser in connection with the Rights Issue.

For more information:
Sebastian Balsom
Phone: +4670-389 48 88
Email: sebastian.balsom@corpura.se

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