31Frankfurt am Main, December 28, 2020
TubeSolar AG, Augsburg, a developer and manufacturer of patented photovoltaic thin-film tubes, based on the renown OSRAM/Ledvance-technology and primarily to be used in the agricultural sector has successfully placed its Capital Increase with subscription rights (ratio 10:1) at a price of EUR 6.00 per new share. Unsubscribed new shares were offered to institutional investors in a private placement which was subsequently oversubscribed. Bankhaus Scheich, which acted as bookrunner, in the process tapped new groups of investors for the company which focus on sustainability, technology and/or SmallCap opportunities.
The proceeds from the capital increase will be used in particular to finance the development of highly automated production and the further growth of TubeSolar AG, including a possible acquisition of an equity stake.