SYNCH HAS ASSISTED CORTUS ENERGY AB
Synch has assisted Cortus Energy AB (publ), listed on First North Growth Market, in the implementation of a rights issue of convertibles in approx 69.3 MSEK to existing shareholders in the company. The issue has prompted the establishment and submission of a prospectus with the Swedish Financial Supervisory Authority and the subscription period for the participation in the offering/issue runs until June 22, 2020. Mangold Fondkommission AB is the financial advisor, and Synch Advokat AB is the legal advisor to the company in the rights issue.
About Synch Advokat
Synch is a Nordic law firm founded in 2014 focusing on innovation, digital business and solutions and technology. With the purpose of simplifying the administration and handling of legal matters Synch uses innovative digital solutions in both their own operations as in the offer to clients.
Synch offers legal services in four business areas- Advisory services, Project & Transactional services, Managed services and Digital services.
About Cortus Energy
Cortus Energy (publ) develops and markets the unique WoodRoll-technique which gasifies biomass in a new innovative way, which results in several unique advantages over all other existing gasification technology. With the patented WoodRoll- technique, Cortus Energy can offer green energy solutions for power, industry and transport applications.
WoodRoll has great fuel flexibility, which means that the process can utilize low-value renewable fuels without compromising process performance. Cortus Energy currently has two WoodRoll facilities, a test facility in Köping since 2011 and a commercial facility in Höganäs under construction with a planned start- up in 2020.