- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
* Access to up to EUR 15 million from prominent U.S. investment fund
* Equity commitment may be called at discretion of ItN Nanovation
* Additional capital for international marketing of CFM Systems® nanoceramic-based water filtration technology
ItN Nanovation AG (ISIN DE000A0JL461), a portfolio company of Nanostart AG, has announced the signing of a conditional equity investment agreement of up to EUR 15 million with YA Global Master SPV Ltd., which is managed by Yorkville Advisors, LLC, a large U.S.-based investment group.
Under the agreement, ItN Nanovation has the right to issue new shares to YA Global in one or more tranches over the next three years for a total amount of up to EUR 15 million, thereby ensuring that it has a strong equity capital base to support its ongoing growth.
ItN Nanovation retains full discretion as to whether, and to what extent, it exercises these rights. The agreement thus provides the company with a high degree of flexibility in its financial planning, enabling it to capitalize on growth opportunities as they arise.
"We are excited to provide ItN Nanovation AG the ability to obtain the necessary capital for it's near term obligations. With its innovative technology for water purification, the Company has a compelling product ready to address a large and critical market need around the world." said Dr. Michael J. Nowak, managing director of Yorkville Advisors.
"We welcome this equity commitment from Yorkville," added Marco Beckmann, CEO of Nanostart AG. "It provides ItN Nanovation not only with financial security but also with the financial maneuverability it now needs in the expansion phase."
In addition to strengthening its overall capitalization, ItN Nanovation sees particular benefit in having the additional funding resources to invest capital into new projects as they arise that promise attractive returns, particularly in the context of the continued international marketing of its CFM Systems® nanoceramic flat filter membrane system.
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the "Entry Standard" segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the Canada, Australia or Japan.
About Nanostart AG
Nanostart AG, headquartered in the German financial capital of Frankfurt, is the world’s leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. Through its subsidiary and venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government.
For further information about the company, please visit www.nanostart.de.
About ItN Nanovation
ItN Nanovation AG, founded in 2000, is one of the leading nanotechnology companies in the world, developing innovative ceramic products, such as filtration systems and coatings, for large industrial customers. The nanoscale powder needed for those products is manufactured by the company itself. The filtration products from ItN Nanovation can be used for drinking water purification, waste water treatment, as beverage filters and for the separation of oil and water. Ceramic coatings based on nanotechnology are used in a variety of ways as protective and catalytic coatings in various industries: from baking ovens to aluminum foundries to coal-fired power plants. The company’s success is founded on an extensive product portfolio, combined with comprehensive development and application know-how. For further information about the company, please visit www.itn-nanovation.de.
For more information, please click here
Dr. Hans Joachim Dürr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
Copyright © Nanostart AGIf you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
News and information
Abalonyx launches Reduced Graphene Oxide Product: Abalonyx has successfully scaled up production of thermally reduced graphene oxide (rGO) in its Tofte, Norway, production facility. This product is now offered to customers in Kg-quantities May 10th, 2016
New Generation of Graphene Reinforced Carbon Fibre Prepreg Products March 14th, 2016
New Generation of Graphene Reinforced Carbon Fibre Prepreg Products March 10th, 2016
Doubling down on Schrödinger's cat May 27th, 2016
Nanometrics Announces Upcoming Investor Events May 10th, 2016
Aspen Aerogels to Present at the 28th Annual ROTH Conference March 14th, 2016
Mille-feuille-filter removes viruses from water May 19th, 2016
First single-enzyme method to produce quantum dots revealed: Biological manufacturing process, pioneered by three Lehigh University engineers, produces equivalent quantum dots to those made chemically--but in a much greener, cheaper way May 9th, 2016