Scandinavian Enviro Systems issues 62.5 million shares after SEK 5 million loan conversion
Scandinavian Enviro Systems has resolved on a directed issue of 62.5 million new shares and 2.5 million warrants to Nordic Restructuring and Growth Capital 1 following the first SEK 5 million drawdown under the convertible loan agreement signed in August 2026. NRGC requested conversion of the entire first loan tranche immediately after the funds were disbursed, resulting in the issuance of new Enviro shares at SEK 0.08 per share and repayment of the SEK 5 million loan through set-off. The share issue increases Enviro’s outstanding shares from approximately 1.268 billion to 1.330 billion and results in dilution of about 4.7% for existing shareholders. The accompanying warrants have an exercise price of SEK 0.167 per share and could create an additional dilution of approximately 0.2% if fully exercised. Enviro said the financing arrangement is intended to provide liquidity during its ongoing company reorganization and support continued operations.