Saule Technologies, developer and manufacturer of perovskite solar cells, recently announced that it is 'making good progress towards getting listed on the NewConnect Alternative Trading System'.
Saule and its shareholders, including the majority holder, Columbus Elite Global S.A. (formerly Blumerang Investors S.A.), have signed an investment agreement, setting the rules for Columbus Elite Global (CEG) to acquire Saule's shares. With this transaction, Saule will become part of the CEG capital group, which is listed on NewConnect. In return for transferring their shares to Columbus Elite Global, Saule's shareholders will get shares in the higher share capital of CEG.
'We know how much we can gain from going public', said Olga Malinkiewicz, Co-Founder & CTO, Saule. 'This is the perfect moment in Saule's growth. We've already started commercializing our perovskite cells, and we're ready to scale up our business. We want to build factories with much higher production capabilities all over the world. Being part of the capital market will certainly give us greater transparency and credibility in the eyes of potential investors. This will also make it easier for us to get the funds we need to carry on with our ambitious plans.'