SaltX Technology Holding AB’s SEK 60 Million Shares Private Placement

TM & Partners acted as legal advisor to SaltX in connection with the directed issue.

SaltX Technology Holding AB has completed a private placement of shares through an accelerated book building procedure, performed by Pareto Securities AB, raising approximately SEK 60 million before transaction costs.

Pareto Securities AB acted as Sole Manager and Bookrunner in connection with the directed new issue.

SaltX develops and sells patented energy storage solutions based on nanocoated salts. The company’s mission is to develop and offer sustainable technology and solutions that will clearly benefit customers, the climate and society. SaltX’s energy storage solution, EnerStore, is a large-scale energy storage solution that stores energy in different forms and generates heat, steam, and electricity to cities and/or industries, enabling transportation of energy. EnerStore is a thermo-chemical storage solution based on SaltX’s unique patented nanocoated salt.

TM & Partners’ team consisted of Johan Wigh (Picture – Partner), Philip Bihl (Associate) and Jacob Elovsson Hultin (Associate).

Involved fees earner: Philip Bihl – Törngren Magnell; Jacob Elovsson Hultin – Törngren Magnell; Johan Wigh – Törngren Magnell;

Law Firms: Törngren Magnell;

Clients: SaltX Technology;

Federica Tiefenthaler

Author: Federica Tiefenthaler