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Press release

Redeye: Ngenic - Updated fair value range following the ended debt restructuring

Ngenic

Redeye updates its estimates and fair value range following Ngenic’s share issue announcement and Q3 report earlier in November. With the company now being out of debt restructuring, we continue to see an exciting business case for Ngenic, especially with the recently signed partnership with Svea Solar, divested IMD business, and cost savings measures. Coupled with the ongoing rights issue, Ngenic should be able to reach positive EBITDA through this capital raise, and we do not rule out further strategic partnerships being signed in 2025.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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Ngenic - Updated fair value range following the ended debt restructuring

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