HyGear launched its new bond offering on the NPEX platform on June 18th 2019. The € 5 million fixed rate 6-year bond offer was fully subscribed on the second week of a planned six-week sale period as the offering attracted strong demand from the market. In this offering, investors will also receive 40 warrants per bond certificate of €1,000.
“The current bond offering is the first step in acquiring sufficient funds for our projected growth in the next five years. We are delighted to see that we have a growing loyal investor base at NPEX that is ready to support us in our plans,” said Marinus van Driel, CEO of HyGear. “As HyGear continues to grow in this model of supply method, we require more capital injection. And we are expecting much more interest from the market in the near future.”
“A growth company like HyGear matches perfectly with the NPEX exchanges. HyGear attracted existing investors in its shares and bonds but also interested new investors, currently not active on our exchange. The offering pays an attractive coupon with upward potential from warrants. It is clear that the combination of these instruments, from an innovative company like HyGear, are appreciated and supported by our investors,” says Alan van Griethuysen, NPEX’s Chief Commercial Officer.
The funds raised will mainly be used to support HyGear’s Gas-as-a-Service (GaaS) offering and to position the company for growth in the upcoming Hydrogen Energy market. In the GaaS contracts, the end user pays for the gas supply instead of purchasing the gas generation systems. This supply method has gained traction in the recent years and is expected to grow further.
Providing an alternative solution for end-users of industrial hydrogen, oxygen and nitrogen gases, HyGear developed cutting-edge technologies of on-site gas generation. With the combination of these systems and conventional gas distribution methods, we offer the most cost-effective and reliable supply method with a guarantee of 100% up-time.
Our technical services and customer support is guaranteed by many of our partners worldwide. And to be able to serve our customers more effectively, we have offices in Europe and Asia.
NPEX is the platform for growth financing in the Netherlands, where enterprising investors can invest in ambitious companies.
NPEX is an investment firm with a license from the Netherlands Authority for the Financial Markets. NPEX is under continuous supervision by the AFM and DNB.
HyGear Media Contact
Asia +65 9169 4232
Europe +31 88 9494 302
NPEX Media Contact
Alan van Griethuysen
+ 31 6 5052 3004