Veganz Group Secures 8.44 Million Euros Through Equity Increase

Veganz Group has announced that they have secured approximately €8.44 million through a series of equity measures, including a rights offering, private placements, and the utilization of conditional capital. This increase in total volume of capital has resulted in a rise in share capital from €1,377,198 to €2,121,333, with new bearer shares each having a nominal value of €1.00 of the company’s share capital. These new shares also grant the right to full profit participation starting January 1, 2024, indicating a positive outlook for the company's future development.

Jan Bredack, founder and CEO of Veganz, expressed confidence in the company's growth strategy with the additional placements, stating that strengthening their equity base has provided the necessary flexibility to implement their plans moving forward. The successful equity increase is seen as a clear sign of trust and support in Veganz's future endeavors, positioning them well for continued growth and expansion in the market.