Agilyx - private placement - USD 15m

Arctic acted as Joint Lead Manager and Joint Bookrunner in relation to the Private Placement of USD 15 million in Agilyx ASA.

The net proceeds from the Private Placement will be used for the late stage engineering of a previously announced Polystyrene (PS) project with AmSty in the US, with an expectation of this entering construction within 12 months; and initiate development through final investment decision (FID) of a new 100 TPD PS project in Europe off the basis of a signed MOU with a UK based Petrochemical major as announced on 1 September 2022. The Company expects this project to enter construction after completion of the FID package in approximately 18 months.

 

We are grateful for the vote of confidence and congratulates the Agilyx ASA team with the successful transaction!

Latest news

  1. Arctic Securities -

    Arctic acted as sponsor for Agilyx on OTCQX

    Arctic acted as sponsor for Agilyx in connection with the quotation of the shares of the company on OTCQX under the symbol “AGXXF” on 21 December 2021. The quotation on OTCQX allows for a broad set of US investors to trade the Agilyx share on a US MTF in US$ via all US brokers. Arctic is currently the only Nordic investment bank approved by OTC Markets as a company sponsor.

    Read more →
  2. Arctic Securities -

    Solid from Arctic in 2022

    For the Arctic Group, 2022 was characterized by a good breadth of revenues from products and sectors. The market turmoil led to reduced revenues and a falling result for Arctic Securities.

    Read more →