Martela proposes EUR 5–8 million share issue and merger of K and A series

  • Martela will ask shareholders to combine its series K and series A shares into one publicly listed series.
  • The company seeks authority for up to 17,777,777 shares at EUR 0.45 each, with approximately EUR 4.5 million of subscription undertakings.
  • A hybrid Extraordinary General Meeting is scheduled for September 29, 2026, after prolonged market weakness reduced revenue and operating results.

Martela Corporation will ask shareholders at a hybrid Extraordinary General Meeting on September 29, 2026, to combine its series K and series A shares, amend its Articles of Association, issue compensation shares to series K holders and authorize a directed share issue. The combination would create one publicly listed series with one vote per share and otherwise equal rights. The company plans to raise gross proceeds of EUR 5–8 million by issuing up to 17,777,777 shares at EUR 0.45 each to selected domestic investors, with approximately EUR 4.5 million of subscription undertakings from Harjavalta Oy, Onvest Oy, Ilmarinen Mutual Pension Insurance Company, Paul Savolainen, Chairman of the Board Tapio Pajuharju and certain executive-management members, subject to customary conditions. The proceeds would support working capital, business continuity, business development and rehabilitation of Martela’s capital structure amid prolonged and worsening market conditions. Series K holders would receive one new series A share for every four K shares held in the same book-entry account, up to 151,200 shares, as compensation for losing their enhanced voting rights. The issue and combination remain subject to the applicable approvals and conditions.

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