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 protected]
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 [email protected]
Nasdaq First North Growth Market
Further press related news:
Waturu Holding A/S – name change and convening of an extraordinary general meeting about it
Waturu Holding A/S hereby convenes an extraordinary general meeting, which will be held on 25.5.2021. The extraordinary general meeting will be held at 15:00 at the address, Sjællandsgade 32, 7100 Vejle. PLEASE NOTE THAT THE BOARD OF DIRECTORS, BECAUSE OF THE CURRENT VIRUS PANDEMY WITH CORONA VIRU...
Waturu Holding A/S – navneændring og indkaldelse til ekstraordinær generalforsamling derom
Det nye navn afspejler bedre den strategi selskabet forfølger, og det er bestyrelsens forventning at investorer med det nye navn, får lettere ved at forstå selskabets forretningsstruktur, med ejerskab og drift af selskaber indenfor vandvarmer/renser-, akvakultur/dambrug- og medtech/medico-branchen....
CirChem renar överskottsvolym av etanol från Mackmyra
Mackmyra är en pionjär inom whiskytillverkning som bara använder svenska råvaror i sin tillverkning. Etanolen är ett överskott från våren 2020 när bolaget tillfälligt ställde om produktionen för att möta samhällets stora behov av desinfektionsmedel. I stället för att skicka överskottsvolymen till fö...
QleanAir wins first significant order within healthcare segment in France
The client 1NDIS, a supplier for medical equipment in France, have purchased 20 units of FS 30 HEPA and FS70 HEPA to be delivered during May to a private hospital in Montpellier. The air cleaners, equipped with certified HEPA 14 filters, meet the specific requirements of high degree of cleanliness a...