Avantium launches fully underwritten EUR 55.45 million rights offering
Bitget2026/10/27 07:22- Avantium launched a fully committed, underwritten €55.45 million rights offering to address its working capital shortfall and fund its FDCA plant ramp-up.
- The 4-for-3 offering comprises 33,608,956 ordinary shares at €1.65 per share.
- The issue price represents a 42.7% discount to the theoretical ex-rights price, based on the October 26 closing price of €4.52.
- Shareholder commitments and cornerstone investments total €13.41 million, representing approximately 24.2% of the offering.
- The FDCA flagship plant produced its first FDCA; 23 offtake agreements cover material from the facility.
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