Enapter AG has launched a cash capital increase with subscription rights for shareholders, a move that underscores the company's strategic realignment toward an asset-light business model with partner-based production in China. The subscription period runs until 18 November 2026, with shares offered at EUR 1.00 each. Up to 13,017,479 new shares will be issued, raising gross proceeds of up to EUR 13,017,479.00. The subscription ratio is 2:1, and over-subscription is permitted, though exchange trading of subscription rights is not planned.
The significance of the announcement lies in the backing of a strategic investor. RS Energy Technology Limited, part of the Runshihua Group, has committed to a backstop agreement of up to EUR 12 million. This ensures that unsubscribed shares will be taken up, providing certainty that the capital increase will be substantially completed. The investor's commitment is capped at 25% minus one share of the post-increase share capital, preserving a free float while securing necessary funds. CEO Dr Jürgen Laakmann described the measure as "a decisive building block in completing our strategic realignment," emphasizing that the Runshihua Group's financial commitment and hydrogen expertise make the transformation possible.
The net proceeds will be used to a substantial extent to repay existing liabilities, with the remainder financing working capital. This debt reduction is critical for Enapter's financial stability as it pivots to a partner-based production model in China, which aims to lower capital intensity and leverage local manufacturing expertise. The company's patented anion exchange membrane (AEM) electrolysers, which avoid rare materials like iridium, are already in use at more than 360 customers across over 55 countries, positioning Enapter to capitalize on the growing green hydrogen market.
Investors and interested parties are invited to an investor call in English on 10 November 2026 at 11:00 a.m. CET. Registration is available through the registration link. The call provides an opportunity for stakeholders to gain further insight into the capital measure and the company's strategic direction.
Enapter AG (H2O) is listed on the regulated market of the Frankfurt Stock Exchange (General Standard). The new shares will be included in trading following their admission. For more information about the company and its AEM electrolyser technology, visit the Enapter website. The original release can be viewed on www.newmediawire.com.
