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Zaptec: successfully completed NOK 330M private placement

  • Date: February 21, 2023

Zaptec has successfully completed a private placement, which adds NOK 330 million in new equity to the company through the allocation of approximately 11.1 million new shares at a price per share of NOK 27.

ABG Sundal Collier was engaged as an advisor in the process, and the fresh money will be used to continue Zaptec’s international expansion, as well as general corporate purposes. We experienced a lot of interest in the private placement process, says Peter Bardenfleth-Hansen, CEO at Zaptec.

The interest was so great that we could actually have raised over NOK 1 billion, explains Bardenfleth-Hansen. 300 million is what we need in this round, but it gives us peace of mind to know that there are investors out there who have faith in our product and our strategy, says Bardenfleth-Hansen. It is also a clear signal that Zaptec is considered one of the leading players in the general electrification of society. I refer in particular to the increase in new electric car sales but also other forms of electric transport, concludes Bardenfleth-Hansen.