Hexagon Composites raises NOK 105M in subsequent offering
What's the deal? Norway's Hexagon CompositesDealroom has a profile for this one. Try Dealroom → has raised roughly 105,201,128 NOK through a subsequent share offering, with subscriptions for about 13,150,141 new shares at NOK 8.00 each.
The clean energy storage company had offered up to 15,625,000 shares. Final allocation is expected on June 22, 2026, with payment due June 24.
Why now? The subscription period opened June 8 and closed June 19 at 16:30 CEST.
Subsequent offerings typically follow a private placement, giving existing shareholders a chance to buy in at the same price and avoid dilution.
What could go wrong? The raise fell short of the full target, with subscriptions covering about 84% of the shares on offer.
The results remain preliminary until final counting confirms allocations.
The signal: As a mature company tapping public markets rather than venture capital, Hexagon's reliance on a subsequent offering reflects a capital-raising playbook open to established players in the energy transition, where composite tanks for clean fuel storage form part of the infrastructure backbone. The involvement of DNBDealroom has a profile for this one. Try Dealroom → Carnegie, the corporate banking arm of Norway's DNB, anchors the raise in domestic institutional backing.
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