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electrovac AG announces offer details for planned initial public offering
electrovac AG announces offer details for planned initial public offering
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electrovac AG/ Key word(s): IPO/Corporate Actionelectrovac AG announces offer details for planned initial public offering15.04.2026 / 14:00 CET/CESTThe issuer is solely responsible for the content of this announcement.NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.electrovac AG announces offer details for planned initial public offeringPrice range set between EUR 7.80 and EUR 10.20 per shareOffering of up to 3,840,000 new shares from a cash capital increase and up to 921,000 existing shares from the holdings of Electrovac Holding AG, including a possible over-allotmentTransaction volume of up to almost EUR 50 million with targeted net proceeds of approximately EUR 30 million from newly issued shares to expand international production capacitySubscription period starts on April 17, 2026, and is expected to end on April 27, 2026First day of trading on the Regulated Market (Prime Standard) of Frankfurt Stock Exchange expected on April 30, 2026Salzweg, 15 April 2026 - electrovac AG (“electrovac” or the “electrovac Group”), a specialist in hermetic glass-to-metal packaging for protecting safety- and mission-critical electronics has set the price range for its planned initial public offering (“IPO” or the “Offering”) at EUR 7.80 to EUR 10.20 per share. The final offer price will be determined through a bookbuilding process and is expected to be set on April 27, 2026.The Offering comprises up to 3,840,000 new shares from a cash capital increase (the “New Shares”), up to 300,000 existing shares (the “Selling Shares”) from the holdings of Electrovac Holding AG (the “Selling Shareholder”), and up to 621,000 existing shares (the "Overallotment Shares") from the holdings of the Selling Shareholder in connection with an over-allotment option (together with the New Shares and the Selling Shares, the "Offered Shares"). The lock-up period for the Company, the Selling Shareholder, the other existing shareholders and the CEO is 12 months, subject to customary exceptions.In total, up to 4,761,000 shares of the Company are expected to be placed as part of the Offering. Assuming full placement, this would correspond to an offer volu...