Creotech Instruments submits prospectus in connection with listing transfer to Warsaw Stock Exchange

On 17 December, Creotech Instruments S.A. submitted a prospectus with the Polish Financial Supervision Authority (PFSA) in connection to the transfer of its listing from the NewConnect (NC) market. The company anticipates that its shares will debut on the Warsaw Stock Exchange (WSE) in the first half of 2022. The transfer from the NC market to the WSE’s main market is part of the company’s effort to raise PLN 40-50m in capital.

The prospectus submitted today with the PFSA covers the existing series A, B, C, D, E, F, G and H bearer shares. On 29 November, Creotech’s shareholders decided to admit and introduce the shares to trading on the regulated market operated by the WSE. On 10 December, the company’s Management Board convened a General Meeting for 14 January. At the meeting, shareholders will vote on the issue of series I shares (up to 396,558 shares, representing up to 20% of the increased capital).

“We have completed work related to the preparation of the prospectus, facilitating the closure of a major stage in our transition to the WSE’s main market and our effort to raise capital on the issue of new shares. This move will enhance our credibility and open up access to new investors groups. The additional capital will support us in pursuing our strategic assumptions, which include: placement of the first microsatellite developed by our team in low Earth orbit in 2023 and launching an effort to commercialize this segment in the coming years. Our ambition and goal is to become Central Europe’s main supplier of space technologies to the global market.” says Grzegorz Brona, President of the Management Board of Creotech Instruments S.A.

“Creotech also attributes great importance to the UAV and quantum computing segments,” he added. In the coming years, the company’s ambition is to become a leading provider of data for UAV mission risk analysis and a provider of complete quantum computer control systems, as one of the few companies globally.

Creotech will pursue the following goals by 2025:

• Space: successful placement of an Earth-observation microsatellite in orbit as part of the EagleEye mission (achieving full space heritage) and reaching an advanced status of the PIAST mission commissioned by the Ministry of National Defense. During this period, the company plans to secure 10-20 microsatellite orders annually and aspires to become Central Europe’s primary provider of space technologies to the global market.
• Earth atmosphere: Poland’s main and Europe’s major supplier of systems for UAV mission risk analysis, planning and control, with an ambition to become the leading Polish supplier of UAV support products.
• Earth: supplier of a comprehensive control system for quantum computers (one of a handful globally), consolidated position as one of Europe’s leading satellite data integrators thanks to the partnership with EUSPA and the European Commission, as well as launch of a time synchronization system for telecommunications.