The boss resigns – the company wants to raise money

The boss resigns – the company wants to raise money

The issue is updated.

Tim Steadman, CEO of Agilyx, has resigned from his position for personal reasons. Steadman will continue in his position until the end of the year.

– Steadman says: – My time at Agilyx has been very exciting, and I look forward to following the company’s development in the future.

Chairman of the Board of Directors, Jan Sicher, comes in as interim director.

-On behalf of the entire company, I would like to thank Tim for his commitment and dedication to Agilyx over the past three years. Sicher says the company has made significant progress during his time here.

You want to collect money

Cyclyx, Agilyx’s raw materials business, has entered into a $135 million investment agreement with Exxon Mobil and Lyondell Basell. Together, the two companies will own 50 percent. Agilyx will own the remaining 50.

ExxonMobil and LyondellBasell are investing heavily to create the first industrial-scale recycling center (CCC) based on Cyclyx technology, the company also writes.

Based on this agreement, the Company appointed DNB Markets, Fearnley Securities and Arctic Securities as facilitators in one of the cases.

The issuance is expected to raise between $15 and $20 million. The issue price has not yet been determined, but the money will go to Cyclyx.

In advance, the company’s largest shareholder, Saffron Hill Ventures 2 LP, subscribed for $6 million worth of shares.

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Dalila Awolowo

Dalila Awolowo

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