Martela launches €6–8 million directed share issue after share-series merger approval

  • Martela launched a directed share issue targeting approximately €6–8 million.
  • Anchor investors and insiders committed approximately €6.7 million for Offer Shares.
  • Subscription runs through 5 October, with trading expected to begin 13 October 2026.

Martela Corporation has launched a directed share issue targeting gross proceeds of approximately €6–8 million after shareholders approved the combination of its series A and series K shares. The company is offering up to 17,777,777 new shares at €0.45 each, representing about 383% of shares outstanding before the issue and about 79% afterward if fully subscribed and the share-series combination is registered. Anchor investors, Chairman Tapio Pajuharju and certain executive-management members have made binding, irrevocable commitments totaling approximately €6.7 million, or about 84% of the offered shares. The subscription period runs from 30 September to 5 October 2026, with trading in the new shares expected to begin on the Helsinki Stock Exchange on or about 13 October. Martela has prepared a Finnish-language exemption document under the EU Prospectus Regulation, which is available on its website and the lead manager’s website before subscriptions begin. The company said the proceeds will strengthen working capital and liquidity, support efficiency measures, improve its capital structure and broaden its shareholder base as weak market conditions continue to weigh on revenue and operating profit.

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