Video footage from today’s digital listing ceremony hosted by Nasdaq.

Nilar today announces the outcome of the Offering of the Company’s shares and the listing of the shares on Nasdaq First North Premier Growth Market. The Offering attracted very strong interest from Swedish and international institutional investors and the general public in Sweden and was heavily oversubscribed. Trading on Nasdaq First North Premier commences today, 30 April 2021.

Usually a physical ceremony is held with a bell ringing on the Stockholm Stock Exchange, but with the ongoing pandemic, the event was celebrated through a digital listing ceremony hosted by Nasdaq. Streaming from the company headquarters, Marcus Wigren and Michael Obermayer, CEO and Chairman of the Board respectively, shared memories and milestones from the journey leading up to this historic milestone before ringing in the iconic Nasdaq clock to mark the opening of the Stockholm Stock Exchange and the listing of the shares on Nasdaq First North Premier Growth Market.

Marcus Wigren, CEO of Nilar, comments:

Today’s capital raise and listing are a resounding vote of confidence for Nilar in our quest to further expand our footprint within the fast-growing battery energy storage market. We are hugely pleased to have gained the support from so many strong institutional investors; and the interest from the general public has been overwhelming.

The management team has played a vital role for Nilar reaching this milestone. Marcus Wigren comments:

“I’m proud and grateful for the support of our management team during this journey. Our CFO, Magnus Nordgren, has played an crucial role in the process. Having worked together with Magnus for almost a decade, It’s truly a joy to experience this exciting milestone together with him.”

Michael Obermayer, Chairman of the Board of Directs of Nilar, comments:

Battery innovation and development is a long-distance race. That Nilar has come this far, after a decade of technology development and a second decade of product refinement and market development, carving out a unique position in the battery energy storage system world, is due to the unfailing tenacity of Nilar’s specialists and the steady conviction and support of Nilar’s investors. I would like to extend the Board’s heartfelt thanks to all hardworking Nilar management and staff, and all our loyal shareholders. Nilar is at the gate of its third decade, entering now a hugely exciting expansion phase.

To ensure continued rapid and a market listing, Nilar’s Board of Directors has focused on important initiatives, including strengthening the management team. Michael Obermayer comments:

“Over the past 18 months, Nilar’s management has been significantly strengthened with expanded production management, a new head of R&D, a strengthened finance function and an expanded management within global supply-chain management”.

The Nilar Management Team