The proceeds from the transaction will be used to fully fund new capacity expansion in the Company's Europe facility (The Netherlands, System F), acceleration of permitting and engineering for the Company's United States (Maine) roll-out plan and general corporate purposes at the current site in the Netherlands. The first day of trading on Merkur Market is expected to be on or about 25 November 2020.

We are grateful for the vote of confidence and congratulate on the successful transaction.