Only until today, Retail Investors can subscribe for the shares of Creotech Instruments, a leading Polish manufacturer of satellite systems and components, as part of the ongoing Public Offering worth up to PLN 49.6 million gross. The company will allocate the proceeds to grow its business, i.e. to complete key satellite and quantum computing R&D projects, as well as to improve production and sales capacities. According to the new share issue schedule, the Bookbuilding process among Institutional Investors will be completed tomorrow, 14 June. The issue price of the offered shares will be determined and published on the same day. Creotech Instruments is planning to make its debut on the Warsaw Stock Exchange’s (WSE) Main Market this July.
“The window to subscribe for Creotech Instruments’ shares as part of the Retail Investors Tranche closes today at 11:59 p.m. The time for a detailed summary will come after the end of our Offering. However, I can already say that during the roadshow we had the opportunity to meet and successfully present to investors the main assumptions of Creotech Instruments’ growth and our competitive advantages. The issue precedes our plans to move to the WSE’s main market. We are aiming to debut on the regulated market in July 2022,” adds Grzegorz Brona.
The new share issue involves no less than 99,140 and no more than 396,558 series I shares with a nominal value of PLN 0.10 per share. The maximum price has been set at PLN 125, meaning that the value of the Offering may reach up to PLN 49.6m gross. The Bookbuilding process among Institutional Investors will close on 14 June. The issue price will be determined and published on the same day. Subscriptions in the Institutional Investors Tranche will be open from 15 to 20 June 2022.
Details of the issue are available at: https://creotech.pl/pl/, in the “Public Offering” tab or directly at: https://creotech.pl/ipo/. The Offering Manager is Dom Maklerski Navigator S.A., with Noble Securities S.A. acting as co-manager and law firm WBW Weremczuk, Bobeł & Wspólnicy serving as legal advisors. Advising the Management Board of Creotech Instruments is CC Group Sp. z o.o.
The main pillars of Creotech Instruments’ operations are the space tech and quantum computing segments, where the company is pursuing strong growth. As part of the first segment, a team comprising Creotech Instruments engineers and business partners is working on the EagleEye project to develop an Earth observation microsatellite. The satellite is scheduled for launch to low Earth orbit in late 2023/early 2024.
The company is also seeking to grow its quantum computing business. Currently, Creotech is launching its most significant project in the field of quantum technologies to date as in May 2022 an international consortium led by the University of Innsbruck, of which Creotech is a member, was selected by the European Commission to build the first large quantum computer for the EU. The project aims to build a 100-qubit quantum computer by 2025 and achieve technological readiness to build a 1000-qubit solution by 2029.
Moreover, last week Creotech Instruments S.A. and Austrian-based ID Quantique Europe GMBH signed a partnership agreement in the field of quantum telecommunications for the European Union’s quantum independence program. The two companies teamed up to develop new products and evaluate the potential for the production and testing of systems launched by ID Quantique Europe using Creotech Instruments’ assembly line.