BALYO completes €36.6 million rights issue
BALYO completed a €36.6 million rights issue with preferential subscription rights, including approximately €19.5 million in net cash.
Why it matters
BALYO raised about EUR 36.6 million through a capital increase backed by SoftBank Group.
Evidence notes
- BALYO issued 126,051,546 new ordinary shares at €0.29 each, and demand reached 110.55% of the offer.
- The transaction delivered approximately €19.5 million in net cash after costs and the offset of SoftBank receivables.
- BALYO allocated €12.5 million of net proceeds to direct-sales growth and €7 million to research, development and product improvements.
Company context
BALYO builds autonomous forklifts and fleet software for pallet movement and high-bay storage. Its portfolio covers turret trucks, reach trucks, stackers and tuggers built on established industrial-vehicle chassis.