Singulus - Intends capital increase of up to 10% to strengthen its equity and the financing of order intake
Plans to increase the share capital of the company of EUR 8,087,752.00 by up to 10 % by issuing additional common bearer shares from the existing authorized capital 2017/I. The new shares are to be placed by an investment bank under exclusion of subscription rights in the fourth quarter.
At the extraordinary general meeting on November 29, 2017, the Executive Board of SINGULUS TECHNOLOGIES will provide the shareholders with details about the planned strengthening of the equity base and the company's future prospects. SINGULUS TECHNOLOGIES intends to use the funds from the capital increase to strengthen its equity and the financing of current and anticipated incoming orders. Furthermore, it should support the entry into new market areas financially.