HYON AS announces an intention to list on Euronext Growth

HYON AS, the provider of zero-emission maritime hydrogen bunkering solutions, whose majority owners include Nel ASA, Norwegian Hydrogen AS, and Saga Pure ASA, intends to have its shares shortly admitted to trading on Euronext Growth.

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  • HYON has completed a private placement of 21,367,521 shares at a price of NOK 2.34 per share raising gross proceeds of NOK 50 million
  • The private placement values the company at approximately NOK 130 million
  • HYON AS has an intention to have its shares shortly admitted to trading on Euronext Growth

HYON AS (HYON), the provider of zero-emission maritime hydrogen bunkering solutions, whose majority owners include Nel ASA (NEL), Norwegian Hydrogen AS, and Saga Pure ASA, announces the successful completion of a private placement of NOK 50 million, valuing the company at NOK 130 million. The company has an intention to have its shares shortly admitted to trading on Euronext Growth. HYON AS was founded in 2017.

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The private placement was oversubscribed and attracted strong investor interest. The placement and potential listing will allow HYON to continue the growth and development to leverage on the leading position in the market for maritime hydrogen fueling solutions. We will deliver bunkering technology to the world’s first commercial-scale filling station for pressurized hydrogen for the maritime sector at the Hellesylt Hydrogen Hub, showcasing our solutions to the numerous maritime hydrogen projects set to commence construction over the next years,

Jørn Kristian Lindtvedt, Chief Executive Officer of HYON

HYON has completed a private placement of 21,367,521 shares at a price of NOK 2.34 per share raising gross proceeds of NOK 50 million. The private placement values the company, based on the shares outstanding following the private placement and the offer price, at approximately NOK 130 million.

HYON is filling an important gap in the value chain critical in making hydrogen a success within maritime applications, both domestically in Norway and beyond. We therefore look forward to supporting HYON and working with them to realize this important market which has a huge future growth potential,

Jon André Løkke, Chief Executive Officer of Nel

The net proceeds from the private placement will be used to fund growth and scale on investments made, and to strengthen the balance sheet for general corporate purposes.

HYON has an intention to have its shares shortly admitted to trading on Euronext Growth.

Arctic Securities AS acted as managers for the private placement and Advokatfirmaet Schjødt AS is acting as legal advisor to the company.

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Source: Nel ASA

Market: Hydrogen Stocks

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