Sweden's Enviro secures 100M SEK convertible facility to fund tyre recycling
What's the deal? Scandinavian Enviro SystemsDealroom has a profile for this one. Try Dealroom → has agreed a convertible loan facility of up to 100,000,000 SEK (≈$10.5 million) with Nordic Restructuring and Growth Capital 1. Over a 36-month period, Enviro can draw the loan in tranches, which convert into new shares with attached warrants.
The mechanics: Enviro will pay Nordic Restructuring and Growth Capital a commitment fee of 10%, or 10 million SEK, settled in newly issued shares. The Swedish company resolved a directed share issue of 52,966,101 shares at 0.1888 SEK each — matching its Nasdaq First North closing price on August 25, 2026.
Not just one lender: Enviro also extended an existing arrangement with Alumni CapitalDealroom has a profile for this one. Try Dealroom →, first struck on May 22, 2026. That deal's commitment rises from 50 million SEK to 80 million SEK, with warrants increased from 50,000,000 to 80,000,000. Enviro will pay an 8% fee on the added 30 million SEK, or 2.4 million SEK, in shares.
Why now? The board acted under authorisation from its annual general meeting on June 23, 2026, deviating from shareholders' pre-emptive rights to move quickly.
What could go wrong? Both facilities dilute existing holders through fee shares, discounted issues, and warrant conversions. With shares priced under 0.19 SEK, the structure signals a company leaning on flexible, incremental financing rather than a single large raise.
The signal: At roughly $10.5 million, this convertible sits in the smaller tier of disclosed rounds. But the layered structure — one new facility, one extended — shows how listed cleantech firms are stitching together capital in tranches to keep operations funded without a dilutive one-off placement.
Read more: placera.se
Image credit: photosteve101
