Avantium Announces the Launch of a fully Committed and Underwritten Rights Offering of €65 million

Avantium N.V. (the “Company”, “Avantium” or the “Group”) today announces the launch of a capital increase by means of a fully committed and underwritten rights offering, for an amount of €65 million, which is expected to meet the conditions related to the comprehensive financing package as announced on 12 August 2025 (refer to Previous Announcements on page 12 of this press release) and aims to ensure that Avantium remains sufficiently financed until it reaches EBITDA break-even.  

• 11 for 8 rights offering of 12,103,283 ordinary shares at an Issue Price of €5.40 per Offer Share 
• Cornerstone investments and irrevocable shareholder commitments of €12.25 million, including from long-term shareholders VP Capital NV, Pieter Kooi Holding B.V. and Navitas B.V., representing 18.7% of the offering 
• The balance of the Offering has been fully underwritten for an aggregate amount of €52.75 million (the “Underwriting”) 
• The Issue Price represents a discount of 40.0% to the theoretical ex-rights price based on the closing price of €13.95 on Euronext Amsterdam on 3 September 2025 
• Ex-rights Date: 5 September 2025 
• Rights trading period: from 9:00 CEST on 5 September 2025 to 17:36 CEST on 15 September 2025 
• Record Time: 17:40 CEST on 8 September 2025 
• Exercise Period: from 9:00 CEST on 5 September 2025 to 17:45 CEST on 17 September 2025 

Tom van Aken, Chief Executive Officer of Avantium, comments: “Avantium has entered a pivotal phase in its journey. The successful start-up of the sugar dehydration unit – the largest part of our FDCA Flagship Plant – as announced on 29 August 2025 marks a key technical achievement in the phased commissioning and start-up of the facility. This unit converts plant sugars into MMF, a vital intermediate in the FDCA production process, and we are proud to report that MMF is now being produced successfully. With our utility systems already operational, we are now progressing with the commissioning and start-up of the final two units. 

We anticipate commercial operations to begin in the first quarter of 2026, bringing us to the exciting moment when our 100% plant-based and circular material, PEF – branded as releaf^® – will reach consumers and become a true commercial reality. This is backed by strong commercial traction, with 20 partners already committed through signed offtake agreements from our FDCA Flagship Plant. This progress is made possible by broad support from our longstanding shareholders, public partners and other stakeholders. Their support reflects deep confidence in our FDCA/PEF technology and our mission to lead the transition to renewable and circular chemistry.  

This equity raise is a key part of the comprehensive funding package announced on 12 August 2025. Along with other funding initiatives, this equity raise is expected to cover Avantium’s financial needs and help keep the Company well-funded until it reaches group-level EBITDA break-even, which is expected in 2027. We are grateful for the continued trust of our longstanding shareholders and are especially pleased with the continued support of Invest-NL as well as the support of the Dutch State, represented by the Ministry of Climate Policy and Green Growth (Ministerie van Klimaat en Groene Groei), which has committed to act as one of the underwriters for this equity raise and has agreed to subscribe via private placement for any portion of the €15 million underwriting not used in the offering. We warmly welcome both our existing shareholders and new investors who share our ambition to build a more sustainable future through innovation.” 

THIS PRESS RELEASE IS RESTRICTED AND IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, WHETHER DIRECTLY OR INDIRECTLY AND WHETHER IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR IN ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 

ADVERTISEMENT. This announcement is an advertisement relating to the intention of the Company to proceed with the Offering and the admission to listing and trading of the Rights, the Offer Shares and the Additional Shares (each as defined below) (the Admission). This announcement does not constitute a prospectus. This announcement is for information purposes only and does not constitute, or form part of, an offer by, or invitation by or on behalf of, the Company or any representative of the Company to purchase any securities, or an offer to sell or issue, or the solicitation to buy, securities by any person in any jurisdiction where to do so would constitute a violation of the applicable laws or regulations of such jurisdiction. Further details about the Offering are included in the prospectus for the purposes of the Admission and is approved as such under the respective regulation by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, the AFM) on 4 September 2025 and available as of today (the Prospectus). The Prospectus has been published and made available at no cost through the website of the Company (prospectusavantiumrightsoffering2025.pdf), subject to securities law restrictions in certain jurisdictions. Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Rights, the Offer Shares or the Additional Shares. The approval of the Prospectus by the AFM should not be understood as an endorsement of the quality of the Rights, the Offer Shares or the Additional Shares.

Source

Avantium, press release, 2025-09-04.

Supplier

Avantium Technologies B.V.
Ministry of Climate Policy and Green Growth (NL)

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