Start of capital increase with subscription rights for shareholders on May 12, 2025

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Enapter AG: Start of capital increase with subscription rights for shareholders on May 12, 2025

         Subscription period from 12.05.2025 up to and including 26.05.2025

         Subscription ratio 14:1

         Subscription price per new share EUR 2.90

Hamburg, May 09, 2025: Enapter AG (ISIN: DE000A255G02) will launch its capital increase against cash contributions with subscription rights for existing shareholders on May 12, 2025. Existing shareholders can subscribe to new shares during the subscription period from May 12, 2025 up to and including May 26, 2025. The subscription price is EUR 2.90 per new share. Up to 2,068,965 new no-par value bearer shares will be offered, resulting in gross issue proceeds of up to around EUR 6 million. The subscription ratio is 14:1, i.e. one new share can be subscribed for every 14 old shares. It is possible to subscribe to a higher number of shares (oversubscription); subscription rights will not be traded on the stock exchange. There is no compensation for subscription rights not exercised; these are derecognized without value after the subscription period has expired. The new shares will be included in trading on the Regulated Market of the Frankfurt Stock Exchange (General Standard) and the Hanseatic Stock Exchange Hamburg after the new shares have been admitted to trading, scheduled for on or around June 13, 2025. The new shares will carry dividend rights from January 1, 2024. The proceeds from the issue are to be used to finance the operating business as well as general administrative expenses and other general corporate purposes.
As of today, Enapter has already received contractually fixed orders for AEM electrolysers in the megawatt class for around EUR 45 million. Around EUR 33 million of this is for 2025 and EUR 12 million for 2026.

Enapter AG has already received binding subscription commitments (so-called backstop agreements) from two investors with a total volume of EUR 1.75 million

The capital increase will be accompanied by mwb fairtrade Wertpapierhandelsbank AG as subscription agent. First Berlin Securities Brokerage is acting as coordinator and placing agent for the placement.

The subscription offer is made pursuant to Art. 1 para. 4 subpara. 1 lit. db) in accordance with Annex IX of Regulation (EU) 2017/1129 (Prospectus Regulation) without a securities prospectus. However, an information document containing the information specified in Annex IX to the Prospectus Regulation was published. The corresponding information document and the subscription offer are available for download on the website of Enapter (https://enapterag.de/) in the Investor Relations section.

About Enapter

Enapter is the market leader in the field of AEM electrolysers - innovative devices that produce green hydrogen. The company's patented and proven anion exchange membrane (AEM) technology eliminates the need for expensive and rare raw materials such as iridium and enables maximum yield from fluctuating renewable energies such as solar and wind through a unique modular design, resulting in highly efficient production of green hydrogen. Thousands of Enapter AEM electrolyzers are already in use by more than 360 customers in more than 55 countries in the fields of energy storage, industrial applications, refueling, power-to-X and research. The Enapter Group is headquartered in Germany with a research and production site in Italy and a joint venture with the Wolong Group in China.

Enapter AG (H2O) is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, ISIN: DE000A255G02.

Further information:

Website: https://www.enapter.com
LinkedIn: https://www.linkedin.com/company/enapter
 

Press contact:

Ralf Droz / Doron Kaufmann
edicto GmbH
Phone: +49 (0) 69 90 55 05-54
E-Mail: enapter@edicto.de

Disclaimer:

This publication is an advertisement. It does not constitute an offer to sell or a solicitation to buy or subscribe for securities in any jurisdiction, in particular not in the United States of America. An investment decision may only be made on the basis of the information document prepared by the Issuer pursuant to Article 1 para. 4 subpara. 1 lit. db) of the Prospectus Regulation and in accordance with the requirements set out in Annex IX of the Prospectus Regulation, which is published at https://enapterag.de/investor-relations/ and has been filed with the German Federal Financial Supervisory Authority ("BaFin"). BaFin, as the competent national authority, has neither reviewed nor approved this document. Potential investors should read the information document before making an investment decision in order to fully understand the potential risks and rewards of the decision to invest in the securities.

This publication is not for distribution, directly or indirectly, in or into the United States of America or within the United States of America (including its territories and possessions of any State or the District of Columbia) or to publications with a general circulation in the United States of America. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration under the Securities Act, as amended, or an exemption from registration under the Securities Act. The Issuer does not intend to register all or any portion of the offering of securities in the United States of America or to conduct a public offering in the United States of America.

Outside Germany, this publication is only addressed to and directed at persons in member states of the EEA who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation ("qualified investors"). In addition, this publication is only being distributed in the United Kingdom to, and is only directed at, those qualified investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (ii) who are high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (iii) who are other persons to whom it may lawfully be communicated.

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