Stockholm, December 22, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in SeaTwirl AB’s shares (short name: STW) commenced today on Nasdaq First North in Stockholm. SeaTwirl belongs to the Oil & Gas sector and is the 91st company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
Founded in 2012, SeaTwirl is a company developing a floating offshore wind turbine customized for the ocean. By using a vertical axis wind turbine, SeaTwirl’s technology can generate electricity regardless of the wind’s direction and by floating it is not limited to shallow waters. SeaTwirl is headquartered in Gothenburg, Sweden, and has its test site in Lysekil on the Swedish west coast. For more information, please visit www.seatwirl.com.
“We are very pleased to have been fully subscribed and we look forward to an exciting future where we will develop a full-scale SeaTwirl unit,” said Gabriel Strängberg, CEO of SeaTwirl. “The market for offshore wind energy is a very large and rapidly growing market, where no floating wind turbines have been commercialized yet. SeaTwirl will deliver a competitive solution for sustainable power generation which makes us believe in a positive future for our company. The listing on Nasdaq First North Stockholm is a natural step for us to invite people to take part in this journey.”
“We welcome SeaTwirl to Nasdaq First North,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We congratulate SeaTwirl on its listing and are excited to see yet another example of an innovative company utilizing Nasdaq First North as a platform for future growth.”
SeaTwirl AB has appointed Mangold Fondkommission AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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