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Mandates | 2021-05-18

TM & Partners legal advisor to SaltX Technology Holding AB (publ) in connection with its private placement of shares

SaltX Technology Holding AB (publ) (”SaltX”) has completed a private placement of shares through an accelerated book building procedure, performed by Pareto Securities AB, raising approximately SEK 60 million before transaction costs.

SaltX develops and sells patented energy storage solutions based on nanocoated salts. The company’s mission is to develop and offer sustainable technology and solutions that will clearly benefit customers, the climate and society. SaltX’s energy storage solution, EnerStore, is a large-scale energy storage solution that stores energy in different forms and generates heat, steam, and electricity to cities and/or industries, enabling transportation of energy. EnerStore is a thermo-chemical storage solution based on SaltX’s unique patented nanocoated salt.

TM & Partners acted as legal advisor to SaltX in connection with the directed issue. TM & Partners’ team consisted of Johan Wigh (Partner), Philip Bihl (Associate) and Jacob Elovsson Hultin (Associate). Pareto Securities AB acted as Sole Manager and Bookrunner in connection with the directed new issue.