Agtira SEK 60m Capital Raise | Q4 2024

About Agtira AB (publ) 

Agtira offers its Farming as a Service (FaaS) approach to food chains, shops and other stakeholders. This means that Agtira invests, builds and then operates its farming systems for the production of a range of vegetables and fish species, either by itself or together with a third party, while the store or chain undertakes to buy the entire volume produced over a certain contractual period at predetermined prices. What Agtira’s farming systems have in common is that they produce food with low water consumption in closed environments, with no emissions to the local environment or need for agricultural land. Growing in urban environments also means reducing the need for transportation and reducing waste. 

Press release

Background and motive 

Agtira is in a growth phase where the Company has invested heavily in expansion and established the business at a new commercial level. To ensure that we can continue our development and become profitable and meet the demands of the Company’s growth, Agtira needs to strengthen its cash, balance sheet and cash flow. The issue aims to: 

• Ensure sufficient capital to drive production and deliver under the Company’s new contracts.
• Strengthen the Company’s balance sheet and liquidity to handle increased volumes and operating costs as Agtira expands.
• Create the financial conditions required to take Agtira to profitability. 

Through the share issue, Agtira can continue to develop in a controlled manner and ensure that the Company is strong in its growth phase. The Board of Directors sees the share issue as an important step in building a stable and sustainable business. Agtira welcomes all shareholders to participate and contribute to the Company’s continued development. 

Use of proceeds

• Strengthening of the company’s solvency and equity, including repayment of loans to shareholders, mainly through set-off.
• Investment in the completion of new facilities.
• Financing working capital for the 2025 financial year. 

Website: https://www.agtira.com/