Hexagon Composites cancels planned share offering

Hexagon Composites ASA announced on September 22, 2025, the cancellation of its previously considered subsequent offering of up to 6,000,000 shares. This offering, intended to allow existing shareholders to mitigate dilution, was planned at a subscription price of NOK 14 per share, matching the recently completed private placement.

The company's board of directors made the decision after Hexagon's shares traded below the private placement's subscription price at significant volumes. This market activity provided existing shareholders with the opportunity to purchase shares at prices lower than what would have been offered in the subsequent offering.

The cancellation follows the successful completion of a private placement between September 16 and 17, 2025, which involved the issuance of 42,014,080 new shares also at NOK 14 per share.