Green Hydrogen Systems has announced that all 104,296,612 new shares offered under the rights issue have been subscribed for.
The electrolyser provider announced the rights issue on June 13 (2023), and now the total number of shares subscribed for amounts to gross proceeds to the company of approximately DKK 469m ($68m).
Green Hydrogen Systems expects to complete the offering and draw on the term loan facilities for a total principal amount of DKK 250m ($36m) made available to the company via two shareholders. The capital raise in total reached the targeted full amount of DKK 719m ($105m).
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