solar manufacturer Meyer Burger has raised CHF206.75 million (US$228 million) following the closure of its rights offering
funds, which were provided through the issuance of 20,144,423,886 new shares, will go towards Meyer Burger’s US expansion, where it is building a 2GW module production facility in Arizona and a 2GW cell manufacturing plant in Colorado Springs
97.54% of the available shares were taken up through subscription rights offered to existing shareholders
company’s largest shareholder, Sentis Capital, purchased 3.276 million shares at CHF32.7 million (US$36 million). This represented all of its subscription rights and an additional 1.186 million offered shares.
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