XTPL placed all 275,000 Series V shares at an issue price of PLN 133. Investor interest was huge and exceeded the value of the offer by several times.

The shares will represent 11.9% of the company’s shares. The funds raised from the share issue will be used to commercialise XTPL’s technology in the three business areas under development. Between 2023 and 2026, the company plans to invest approximately PLN 60 million in sales, production and R&D. The strategic business objective is to achieve PLN 100 million in revenues from the sale of products and services by 2026. – Filip Granek, CEO of XTPL, commented: “The long-term plan is to become one of the global standards in the production of advanced electronics and to join the huge value chain in this sector, where the largest companies can generate sales of tens of billions of dollars per year. The remainder of the investment is expected to come mainly from internal funds from operations, grants and debt financing.

XTPL, which is listed on the WSE, develops and commercialises an additive technology for ultra-precise printing of nanomaterials on the global market. This technology will enable the production of next-generation displays, smart glass with advanced functionalities, innovative anti-pattern protection and higher efficiency photovoltaic panels. XTPL is currently commercialising its technology in the first two application areas: displays and smart glass.

Talk – Action = Bullshit