Today Is The Last Day Of The Subscription Period In Bawat Water Technologies AB
17 March 2022
The period for subscribing Units in connection with Bawat Water Technologies AB’s (“Bawat”) listing on First North Premier Growth Market Stockholm ends today.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
Stockholm, Sweden, March 17, 2022: The period for subscribing Units in connection with Bawat Water Technologies AB’s (“Bawat” or the “Company”) listing on First North Premier Growth Market Stockholm (the “Offering”) ends today.
Nordnet and Avanza clients can subscribe through Nordnet’s and Avanza’s webservices until 23.59 tonight. Subscription can also be made by completing and signing the subscription form that is available on www.bawat.com and www.nordic-issuing.se. The completed subscription form must be received by Nordic Issuing via email no later than 15:30 today.
Expected time plan
|
Subscription period |
March 3 – March 17, 2022, both days included |
|
Announcement of the result of the Offering |
March 22, 2022 |
|
Registration of the new shares and warrants with the Swedish Companies Registration Office |
Around March 24, 2022 |
|
Settlement of Offering Units |
Around March 25, 2022 |
|
First day of trading on Nasdaq First North Premier Growth Market Sweden |
Around March 28, 2022 |
Prospectus
A prospectus with full terms and conditions regarding the Offering is available on Bawat’s website (www.bawat.com), Nordnet’s website (www.nordnet.se) and the Swedish Financial Supervisory Authority’s website (www.fi.se).
Certified Adviser
Svensk Kapitalmarknadsgranskning AB
Telefon: +46 11 32 30 732
For further information, please contact:
Marcus P. Hummer, CEO
Telephone: +45 8870 8803
E-mail: mph@bawat.com
ABOUT BAWAT
Bawat markets its patented ballast water management system (“BWMS”) globally, a cost efficient, flexible, and sustainable solution to the problem of ballast water treatment. While ballast water is essential for modern shipping operations, it also poses ecological, economic and health problems due to the multitude of marine species and pathogens inadvertently transferred between ecosystems when ballast water is dumped. Using otherwise wasted excess onboard engine heat to achieve pasteurization, Bawat’s system offers several advantages over other ballast water treatment technologies. In addition to negligible operating cost and environmental impact, the advantages include better efficacy, the absence of harmful chemicals, and not least, an ability to function equally well in seawater, brackish water, and freshwater. Bawat’s system is suited for on-board vessel solutions and at-port (land based) containerized installations and is the only heat-based system on the market today. The system is approved by both the International Maritime Organization and the U.S. Coast Guard.
Forward-looking statements
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans, and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “aims”, “targets”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth, or strategies. Forward-looking statements speak only as of the date they are made and are subject to change without notice and do not purport to contain all information that may be required to evaluate the Company. The information included in this press release may be subject to updating, revision and amendment and such information may change materially. No person is under any obligation to update or keep the current information contained in this press release and any opinions expressed relating thereto are subject to change without notice.