Company Announcement no. 04-24
The announcement contains inside information
In company announcement 43-23, the company disclosed its financial expectations for 2024, along with the intention to raise capital through a rights issue to support development and expansion plans, as well as working capital needs considering the robust growth and demand the company is experiencing.
Subsequently, on
Pending approval from the general meeting, the management and the Board of Directors will exclusively pursue a directed share issue, maintaining the same minimum target proceeds (
Reasoning for capital increase
The projected growth and strategic direction for 2024 necessitate an increase in working capital to support investments and meet both current and anticipated orders in the pipeline. With a focus on the dynamic Polish market, where rapid expansion is highly probable, maintaining a robust working capital is imperative. Our observation indicates a seasonal pattern in order placements, often in high-volume bulks, underscoring the need for sufficient inventory to meet the demands of our customers and distributors.
In addition to addressing current operational needs, the company is committed to further enhancing the product offerings for future growth. This initiative involves expanding the "
The company expects to announce a new three-year growth strategy in the first quarter of this year, including expansion plans and the development of new products in collaboration with partners. The strategy will also include financial targets.
Guidance 2024
Revenue
EBITDA
Additional information and investor relations
Jeppe Frandsen,Chairman
Tlf.: +45 20 55 40 44
Tlf.: +45 42 50 30 80
Email: ir@shaperobotics.com
CVR-nr. 38322656
www.shaperobotics.com
https://news.cision.com/shape-robotics/r/changes-to-capital-fundraising-approach,c3925496
https://mb.cision.com/Main/19419/3925496/2593415.pdf
(c) 2024 Cision. All rights reserved., source