Moll Wendén has advised OXE Marine AB in connection with directed issues of shares raising approximately SEK 60.0 million.
OXE Marine is the company behind the world’s first high performance diesel outboard. The company’s unique and patented solutions for high torque transmission between powerhead and lower leg have led to a high global demand for the company’s outboards. Enabling improved performance and fuel efficiency in an outboard, OXE Marine redefines possibilities in the marine sector. OXE Marine is listed on Nasdaq First North Growth Market.
OXE Marine has carried out directed issues of shares to professional investors and existing shareholders, as well as members of the board and senior management. Through the directed issues, OXE Marine will receive approximately SEK 60.0 million before issue costs and set-off. The proceeds from the directed share issues will be used to secure the company’s working capital and finance ongoing projects.