EQS-Ad-hoc: Enapter AG / Key word(s): Capital measure/Other
Enapter AG decides on capital measures with an issue volume of EUR 12 million – full placement secured by institutional anchor shareholders
11/12/2025 / 01:15 CET/CEST
Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014, transmitted by EQS News – a service of EQS Group.
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Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014
Enapter AG decides on capital measures with an issue volume of EUR 12 million – full placement secured by institutional anchor shareholders
- The transaction consists of a subordinated mandatory convertible bond with zero coupon and a cash capital increase with (indirect) subscription rights
- The funds will be used to implement the current order backlog and finance the company until break-even in 2026
Hamburg, November 12, 2025 – The Executive Board of Enapter AG (ISIN DE000A255G02) decided today, with the approval of the Supervisory Board, to carry out capital measures with gross proceeds totaling EUR 12 million.
The transaction consists of the issuance of an unsecured, subordinated zero-coupon convertible bond with conversion obligation with a volume of around EUR 9.6 million. The initial conversion price of the convertible bond is EUR 1.58 per share.
In addition, a cash capital increase from authorized capital with subscription rights for existing shareholders with an issue volume of EUR 2.4 million was decided. The shareholders are granted the statutory subscription right in the form of an indirect subscription right. Around 1.5 million new shares will be issued at a subscription price of EUR 1.58 per share.
The two institutional investors Svelland Global Trading Master Fund Limited, through Mirabella Financial Services LLP Limited, and CVI Investments, Inc. have contractually committed to subscribe to the entire transaction volume of EUR 12 million, less the proceeds from the subscription offer. Furthermore, a lock-up of six months was agreed with the two investors for the shares and convertible bonds they already held and acquired as part of the transaction.
The expected total gross proceeds of EUR 12 million will be used to strengthen the company’s liquidity position and to implement the business plan and order backlog. Management considers this financing to be sufficient to achieve the targeted operating break-even point in the 2026 financial year.
Published by
Gerrit Kaufhold
board
End of insider information
Information and explanations from the issuer regarding this announcement:
Explanatory part
The transaction combines an issue of stakeholder equity participation securities (“STEPs”) with a volume of EUR 9.6 million in the form of a subordinated mandatory convertible bond with a zero coupon with an equity component of EUR 2.4 million through a rights issue.
Jürgen Laakmann, CEO of Enapter AG: “We are very pleased about the clear vote of confidence from our long-standing shareholders. The additional liquidity not only secures the financial clout to implement our business plan, but also underlines the trust in Enapter’s leadership role in the field of AEM technology. We are a decisive step further in our mission to make green hydrogen affordable and scalable through modular and patent-protected AEM electrolysis technology.”
Tor Svelland, CEO of Svelland Capital: “Enapter is not only one of the pioneers in AEM technology, but also the clear market leader. We are very pleased to continue to support the company’s industrial growth and its contribution to the global transition to green hydrogen.”
Gerrit Kaufhold, CFO of Enapter AG, commented: “We are excited to be innovating not only in the area of AEM electrolysis, but also in the capital markets. With our newly introduced Stakeholder Equity Participation Securities (STEPs), we are entering a new era of flexible, equity-like financing that brings all stakeholders on the same page and creates a true win-win situation for Enapter and its investors.”
About Enapter
Enapter is the market leader in AEM electrolyzers – innovative devices that produce green hydrogen. The company’s patented and proven anion exchange membrane technology (AEM) dispenses with expensive and rare raw materials such as iridium and, thanks to a unique modular design, enables maximum yield from fluctuating renewable energies such as solar and wind and thus 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 energy storage, industrial applications, fueling, Power-to-X and research. The Enapter Group has its headquarters in Germany as well as 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
Tel.: +49 (0) 69 90 55 05-54
Email: [email protected]
November 12, 2025 CET/CEST The EQS distribution services include legal reporting requirements, corporate news/financial news and press releases.
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