Scandinavian Enviro Systems raises SEK 2.5 million through directed issue to Alumni Capital
Scandinavian Enviro Systems has resolved on a directed issue of shares and warrants to Alumni Capital Limited under its existing financing arrangement, raising approximately SEK 2.5 million before transaction costs. The issue follows a drawdown request under the equity-based investment agreement entered into on May 22, 2026, and amended on August 26, 2026. Enviro will issue 22,222,222 new shares at a subscription price of SEK 0.11439 per share and 1,769,887 warrants to Alumni Capital. The company said the directed issue is intended to secure financing for its ongoing company reorganization in a time- and cost-efficient manner. The financing comes as Enviro continues efforts to stabilize its business, which is focused on patented tire recycling technology, recovered carbon black and the recovery of valuable raw materials from end-of-life tires.