Waturu Holding A/S
Waturu Holding A/S – liquidity preparedness must be strengthened in Waturu Holding A/S
Company announcement no. 64
Vejle, March 5th 2021
Due to the delayed production and sale, the lost arbitration case and the Companys order situation, the
Board of Directors of Waturu Holding A/S has today decided that the liquidity basis for the Company must
be strengthened. As the proceeds from the listing on Nasdaq First North in May 2019 over 3 - 4 months will
no longer be sufficient to support the current orders as well as the necessary working capital and thus the
companys future expectations, cf. company announcement no. 54, the establishment of greater capital
resources are needed.
The company has most recently entered into an agreement, cf. company announcement no. 56, on the
delivery of 500 water heater units and with additional expected supply of more than 1,000 water heater
units per. month. The company needs to be able to pre-order larger quantities of materials and
components, which is why more liquidity is needed.
In addition, the company, via its subsidiary Aquaturu A/S, has entered into an agreement with an
international distributor within Aquaculture technology, which sells to 15 markets. The partner has
indicated that on the basis of a positive test, sales of a significant number of industrial units for water
treatment of process water are expected.
If no further liquidity is provided to the Company, the Board of Directors considers that previously
announced forecasts for Waturu Holding A/S must be reassessed.
Due to the fact that the companys share is suspended, it is not possible to offer the shareholders to
participate in a capital increase (rights issue).
Therefore, initiatives will be initiated within the coming week, where the company will offer existing
shareholders the opportunity to participate in a liquidity supply via loan financing and participation in a
capital increase in the subsidiary Aquaturu A/S.
The Board of Directors has great confidence that the company, with strengthened liquidity, can meet the
About Waturu Holding A/S
Waturu Holding A/S is a Greentech company, which develops innovative water technology for heating or
treating water, with the focus on ensuring bacteria-free water and reducing water and energy consumption
for heating hot water in properties and thus ensuring CO2 savings. Waturu Holding A/S is a major
shareholder in the medical company Watgen Medical A/S and in the technology company Aquaturu A/S.
CEO Toke Reedtz, cell.: +45 5188 1262, e-mail: email@example.com
Waturu Holding A/S
CDI GLOBAL ApS, CVR. nr. 27514278
Per Vestergaard Direktør/CEO/partner Associate Professor
Vestre Havnepromenade 5, 5. sal 9000 Aalborg Denmark
T +4598110055, M +4521764317, E firstname.lastname@example.org
Nasdaq First North Growth Market
Further press related news:
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
TigerGraph, Inc.8.4.2021 15:01:29 CEST | Press release
TigerGraph’s Graph + AI Summit 2021 to Feature 40+ Sessions, Live Workshops and Speakers from JPMorgan Chase, NewDay, Pinterest, Jaguar Land Rover and More
Agillic A/S7.4.2021 09:01:28 CEST | Press release
Agillic launches a new fast and advanced SMS editor to help clients deliver personalised SMS experiences
TigerGraph, Inc.30.3.2021 15:29:56 CEST | Press release
Technical University of Denmark uses TigerGraph to help find more effective treatments for acute lymphoblastic leukemia
Møns Bank A/S26.3.2021 07:03:33 CET | Pressemeddelelse
Indkaldelse til ekstraordinær generalforsamling 19. april 2021
Sika AG26.3.2021 07:02:09 CET | Press release
SIKA ACQUIRES FLOORING ADHESIVES BUSINESS IN THE USA
Arcadis N.V.26.3.2021 07:01:59 CET | Press release
Arcadis reports transactions under its current share buyback program
Terranet26.3.2021 07:01:48 CET | Press release
Warrants of series (2020:2) TO2 B we subscribed to approximately 94.9 percent and TerraNet Holding AB receives approximately SEK 38.3 million
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom