Key Takeaways:
- Netled Oy, a leader in vertical farming technology, announces a new equity offering of 180,280 shares to finance operations and strategic initiatives.
- The offering aims to raise €598,529.60, addressing the company’s working capital needs, debt reduction, and strategy execution.
- Investors are alerted to a comprehensive set of risks, including macroeconomic conditions, operational challenges, and specific investment risks tied to the shares.
- The equity offering provides detailed insights into Netled Oy’s business operations, financial health, and future prospects, underlining the company’s transparency and legal compliance.
- Key documents and the base prospectus are available for review, ensuring informed decision-making by potential investors.
Offering Overview and Company Insights
Netled Oy, a Finnish pioneer in complete vertical farming solutions, has initiated a significant equity offering as part of its strategic efforts to bolster its financial standing and operational capacity. This move comes at a critical juncture as the company seeks to navigate the complexities of the global market and harness growth opportunities within the vertical farming industry.
Investment Risks and Considerations
Potential investors are encouraged to thoroughly review the base prospectus, which not only presents an opportunity but also outlines a broad spectrum of risks. These include, but are not limited to, global economic uncertainties, regulatory challenges, competitive market dynamics, technological innovations, and environmental, social, and governance (ESG) factors. Moreover, the document details the inherent risks associated with the equity offering, emphasizing the potential for dilution, capital loss, and market liquidity concerns.
Strategic Use of Proceeds
The raised funds from the offering of 180,280 shares, priced at €3.32 each, are earmarked for critical areas such as augmenting working capital, reducing outstanding debts, and executing the company’s refined strategic plan. This strategic infusion of capital is expected to position Netled Oy for sustainable growth and operational excellence.
Financial Health and Corporate Governance
A detailed examination of Netled Oy’s financial status reveals a company on the path of strategic realignment, with recent financial statements reflecting both the challenges and progress in its operational model. Governance details provide insights into the company’s leadership and strategic direction, helmed by a board of seasoned professionals committed to steering Netled Oy towards its strategic goals.
Investor Relations and Transparency
Netled Oy places a high emphasis on investor relations and transparency, providing comprehensive access to its base prospectus and related documents at its principal office and digitally. This initiative underscores the company’s commitment to ensuring that current and potential investors are well-informed about their investment decisions.
NETLED Latest News
Partnership With Rejlers For ECPM Deliveries (2023/06/28)
Rejlers, an engineering services company, has taken on project management responsibilities in Netled’s customer deliveries to enhance the scalability of vertical farming solutions. This partnership aligns with Netled’s strategic goals and is expected to provide resources to ensure the timely execution of multiple projects while maintaining consistent quality. Six employees from Netled will transfer to Rejlers’ Finland Industry division as existing employees as part of this agreement. This collaboration signifies a progressive step in vertical farming, leveraging the strengths of two industry leaders to deliver efficient and effective solutions to the market.
Fresh Garden Launches First Fully Automated Vertical Farm in Finland with Netled’s Support (2023/02/09)
Netled has launched a commercial-scale herb production for its client Tuoretarha Ltd., also known as “Fresh Garden” in Finland. Fresh Garden has established the first fully automated vertical farm in Finland with a production volume of 1.3 million pieces per year. The farm will offer seven herb variants, including basil, dill, cilantro, parsley, chive, thyme, and mint, to its clients and consumers starting in March 2023. Netled offers technology and all necessary services and support for building a commercially viable vertical farming business. Netled is expanding its reach in the US.
The Role of Vertical Farming in Finland (2022/08/31)
A panel discussion on the role of vertical farming in the Finnish context was held at SuomiAreena, Finland’s largest social festival, in Pori, July 2022. Topics include: How does vertical farming fit into the food production chain now and in the future? What can we actually grow on a vertical farm and what might be possible? What is the environmental impact of vertical farming compared to traditional indoor agriculture? What does vertical farming look like from a business perspective and what are the challenges? The panel consists of Niko Kivioja, Netled CEO; Hannu Kottonen, professional board member and veteran of the grocery industry; and Titta Kotilainen, Senior Scientist at Natural Resources Institute Finland. The discussion is hosted by Lauri Reuter, founder, and partner at Nordic Foodtech VC. The discussion is in Finnish with English subtitles.
At the end of 2021, Netled signed a deal to deliver one of its Vera® vertical farming systems to Global Point, a multi-brand group based in Poland. Construction, testing and commissioning of the Vera® vertical farming system is now complete and Global Point is ready to begin cultivation. The Global Point Company was originally founded in Wroclaw, Poland, in 2012 as a producer of interior design products. It is the leader in decorative effects in the Polish market with 100 points of sale. Global Point is now expanding its portfolio to include fresh food production under the guidance of its owners who have previously developed food companies in Poland.
Global Point Begins Cultivation With Vera® Vertical Farm (2022/08/03)
Global Point, a multi-brand group based in Poland, has recently signed a deal with Netled to deliver one of its Vera® vertical farming systems. Construction, testing and commissioning of the system is now complete. Global Point is now expanding its portfolio to include fresh food production. According to Tomasz Szelag, CEO of Global Point, the modular Vera® vertical farming system can be easily scaled up as demand increases.
New Vertical Farm in Sweden, to Produce Herbs for Leading Grocery Retailer. (2022/06/20)
Netled and its client OMG have launched an industrial-scale vertical farm that will produce high-quality herbs for ICA, Sweden’s leading grocery retailer. The facility is built in an old steel factory of 2,000 m2 and operates with renewable energy. The production is done indoors in a totally controlled environment, ensuring security of supply by allowing for cultivation all year round and does not use pesticides. With the Vera® vertical farming system, the overall carbon footprint can be nearly 80 % smaller than in traditional greenhouse growing. The vertically farmed herbs will be available to almost 350 ICA stores north of the city of Avesta starting in June 2022.
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