News
New listing of CREOTECH INSTRUMENTS
9
The company CREOTECH INSTRUMENTS S.A. was newly listed on the GPW Main Market on 11 July 2022.
CREOTECH INSTRUMENTS S.A. is the 420th company listed on the Main Market and the third new listing on the Main Market in 2022.
Key information
|
company name |
CREOTECH INSTRUMENTS S.A. |
|
companies listed on the market |
420 |
|
new listings in 2022 |
3 |
|
market (main/parallel) |
parallel (transfer from NC) |
|
business sector |
high technology |
|
companies in the sector |
4 |
|
seat |
Piaseczno |
|
Polish/foreign |
Polish |
|
core business |
The Issuer is the originator, designer and creator of a proprietary technological solution including the technology of a multifunctional microsatellite platform HyperSat. The platform is designed for space missions carried out by satellites in the weight range of 10 to 60 kg. The Issuer is the largest Polish entity operating in the Polish space sector. |
|
offering/sale |
Public offering: • 396 558 series I shares – New Issue Shares offered by the Company in the Public Offering |
|
Issue/selling price |
Issue price of series I shares: PLN 100.00 |
|
public offering value: |
PLN 39,655,800.00 |
|
reference price |
closing price on NewConnect on 8 July 2022 |
|
company valuation* |
PLN 233,112,654.72 (before registration of new issue shares) PLN 291,390,818.40 (after registration of new issue shares) |
|
value of introduced instruments* |
PLN 233,112,654.72 (before registration of new issue shares) PLN 291,390,818.40 (after registration of new issue shares) |
|
% free float |
50.83% in rights to series I shares; 22% in existing series A-H shares subject to the application; 27.8% in existing series A-H shares and new series I shares; |
|
free float value* |
PLN 29,620,963.68 in rights to series I shares PLN 51,280,222.40 in existing series A-H shares PLN 80,901,186.08 in existing series A-H shares and new series I shares |
|
% free float |
50.83% in rights to series I shares; 22% in existing series A-H shares subject to the application; 27.8% in existing series A-H shares and new series I shares; |
|
free float value* |
PLN 29,620,963.68 in rights to series I shares PLN 51,280,222.40 in existing series A-H shares PLN 80,901,186.08 in existing series A-H shares and new series I shares |
|
Investment Firm |
Dom Maklerski Navigator SA |
|
Legal Advisor |
WBW Weremczuk Bobeł & Partnerzy. Kancelaria Radców Prawnych sp. k. |
|
Auditor |
UHY ECA Audyt Spółka z ograniczoną odpowiedzialnością Sp. k. |
*based on the average price of the Company’s shares in the NewConnect Alternative Trading System in three months preceding the submission of the application for admission, equal to PLN 146.96
Issuer’s history and business
The Issuer was incorporated on 22 November 2011 and entered in the Register of Entrepreneurs of the National Court Register on 2 January 2012.
The Issuer is the largest Polish entity operating in the Polish space sector. It is the only company in Poland to have achieved the ability to build microsatellites. Creotech is the originator, designer and creator of a proprietary technological solution including the technology of a multifunctional microsatellite platform HyperSat. The platform is designed for space missions carried out by satellites in the weight range of 10 to 60 kg (with the possibility of scaling up to 120 kg in the future). The platform can be used for Earth observation, telecommunications or other applications. The HyperSat project has been successfully completed: the Company has completed the development of a universal satellite platform in the HyperSat standard developed by the Issuer for space missions of optimal time and cost, in particular for the construction of satellite constellations, and the project was closed in March 2022. The project has reached TRL (Technology Readiness Level) 6 -7, meaning that the components have been tested under near-real laboratory conditions and can be marketed and used in commercial satellite constellations. As a continuation of the HyperSat project, the Company is running an EagleEye R&D project aiming to develop and launch its own Earth observation satellite based on the HyperSat platform (which means achieving TRL 9) and to obtain a space heritage.
The Company also conducts research and development work in the areas of quantum computers, quantum cryptography, quantum and high-energy physics. Creotech develops systems based on imaging of the Earth, e.g., height obstacle monitoring for manned and unmanned aircraft.
Creotech’s products are based on the Company’s proprietary highly specialised infrastructure for electronics assembly (located at the Company’s headquarters) and the competences and experience in the implementation of a full chain of contracted manufacturing services including the purchase of materials, the assembly and testing of electronics, functional testing, the development of electronics protective covers and mechanical integration.
The Company’s shares were listed in the NewConnect Alternative Trading System since 12 October 2021.
1,982,790 ordinary bearer shares with a nominal value of PLN 0.10 each issued by CREOTECH INSTRUMENTS S.A. have been admitted to exchange trading on GPW’s parallel market, including:
- 1,000,000 series A ordinary bearer shares,
- 62,752 series B ordinary bearer shares,
- 67,300 series C ordinary bearer shares,
- 102,000 series D ordinary bearer shares,
- 71,000 series E ordinary bearer shares,
- 68,000 series F ordinary bearer shares,
- 30,180 series G ordinary bearer shares,
- 185,000 series H ordinary bearer shares,
- 396,558 series I ordinary bearer shares, subject to the registration of an increase in the share capital as a result of the issue of shares of that series
combined with the admission of:
- 396,558 rights to series I ordinary bearer shares.
Galeria
