HWA AG: Capital Increase of EUR 3.6 Million Successfully Completed
May 24, 2020
The new shares were offered at a price of EUR 10.00 per share. In total, HWA AG generated gross proceeds of EUR 3,654,140.00 from the capital increase.
As a result of the transaction, the Company’s share capital increased by 365,414 shares to a total of 5,991,914 shares.
The proceeds from the capital increase are intended to finance the continued growth of HWA AG, particularly through the funding of future projects in the areas of Future Technologies and Customer Racing, as well as technological advancements and investments in product development.
The transaction was supported by ODDO SEYDLER BANK AG as Capital Markets Advisor.
Contact:
Investor Relations
HWA AG
Marc Schimmelpfennig
Benzstraße 8
71563 Affalterbach
Germany
Phone: +49 (0) 7144 8717-279
Fax: +49 (0) 7144 8718-111
E-mail: ir@hwaag.com
Company Profile of HWA AG
HWA AG is an independent 360° engineering specialist in the fields of motorsport and high-performance vehicles. Founded in 1998 by Hans Werner Aufrecht, the company is headquartered in Affalterbach, Germany, and currently employs around 300 highly qualified professionals.
All products and services of HWA AG are guided by the principle ENGINEERING SPEED. The company’s mission is to develop the highest-quality and most effective solutions to help its partners and customers achieve their goals faster. The service portfolio ranges from the design and engineering of all vehicle components to the development and production of complete vehicles, complemented by logistics, aftersales and support services.