Enviro completes share issue

Swedish tire recycling specialist Scandinavian Enviro Systems (Enviro) confirms the completion of its latest rights issue, which initially secured approximately SEK 240 million (USD 25.2 million) before issue costs. The company has transferred shares and warrants to respective deposit accounts and commenced trading in warrants.

Enviro expects the proceeds from the issue to last for 18 months and enable the company to obtain PAC (Preliminary Acceptance Certificate) for its first plant by mid-2026.