Tracegrow has launched a direct share issue today with a goal to support the growth and internationalization of the company’s business operations. The size of the funding round is EUR 2.5–5.0 million and the ownership of new shareholders will be 11.1-20.0 per cent of the total shares. The subscription price per share is EUR 7.19. Tracegrow has implemented the share issue on the AROUND crowdfunding platform, which is managed by Privanet Securities Oy Ltd.
Tracegrow’s micronutrient product ZM-grow, manufactured from recycled alkaline batteries in a unique process, has now reached another big milestone fulfilling the requirements of the European Union Regulation (EC) No 2003/2003.
Tracegrow has selected Pöyry as its partner for delivering project and engineering services around Tracegrow’s novel clean technology. The objective of the co-operation is to develop Tracegrow’s modular technology and plant concept for global deliveries. Pöyry’s services include engineering, project management, procurement and construction management services for the modularised production plants.
Innovative Finnish clean technology to increase global food production. Our effective and clean, the world’s most ecological Zinc and Manganese-based micronutrient products grow healthier and more productive farmland. We offer profitable, ecological growth for millions of farmers worldwide. In addition to our premium level micronutrient fertilizers, we deliver turnkey production plants based on Tracegrow’s groundbreaking technology.