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Avantium Announces the Successful Completion of its €84.8 million Equity Raise
AMSTERDAM, 18 September 2025, 07:00 hrs CEST – Avantium N.V. (the “Company”, “Avantium” or the “Group”) today announces it has raised a total of €84.8 million through the successful completion of its equity raise by means of a fully underwritten and committed rights offering for an amount of €65.4 million, and the completion of a €19.4 million Additional Placement, which includes the €15.0 million placement of new ordinary shares to the State of the Netherlands, represented by the Ministry of Climate Policy and Green Growth.
- Avantium herewith secures funding to cover its financing requirements and to ensure that the Group remains properly capitalised until it reaches EBITDA break-even, expected in 2027
- Gross proceeds from the rights offering amount to €65.4 million, resulting in the issue of 12,103,283 new ordinary shares
- At the end of the subscription period on 17 September 2025, total demand reached 14,010,507 shares, representing an oversubscription rate of 115.6%
- Of this total, 10,536,570 shares were subscribed through the rights offering, representing a take-up rate of 87.1%
- Gross proceeds from the additional placement of €19.4 million, resulting in the issue of 3,319,385 new ordinary shares
- The State of the Netherlands, represented by the Ministry of Climate Policy and Green Growth (Ministerie van Klimaat en Groene Groei), funding an investment through INNL Publiek-Private Product Structurering B.V. (jointly, “KGG”), was allocated €15.0 million worth of shares at the issue price
- VP Capital N.V. and Ambassador Vermogensbeheer B.V., who have acted as cornerstone investors, were allocated €4.8 million worth of shares at the issue price (in addition to their allocation under the rights offering and the rump offering)
- Institutional investors were allocated €4.4 million worth of shares at a price of €8.16 per share, equal to the last closing price on 17 September 2025
Tom van Aken, Chief Executive Officer of Avantium, comments: “We are very pleased with this €84.8 million equity raise, which exceeded our initial expectations. This outcome reflects the confidence in Avantium’s strategy and the shared commitment to accelerate the transition to sustainable materials and pursue the large market potential of FDCA and PEF. This transaction represents a key milestone within the comprehensive funding package announced on 12 August 2025. Together with other funding initiatives, this equity raise ensures that Avantium is well-capitalised as we move towards group-level EBITDA break-even, targeted for 2027.
We are deeply grateful for the strong support from our longstanding shareholders, whose continued trust is invaluable. The commitments of Invest-NL and the Dutch State, represented by the Ministry of Climate Policy and Green Growth (Ministerie van Klimaat en Groene Groei), have been instrumental in making this transaction a success. We want to thank Sophie Hermans, Minister of Climate Policy and Green Growth, for her leadership and support in realizing the investment by the Dutch State in Avantium. We are also pleased to welcome new investors, including Dutch retail participants, who share our vision for a more sustainable future.
With MMF production now underway and the final units of our FDCA Flagship Plant progressing through start-up, commercial operations are expected to begin in the first quarter of 2026. That will be the moment when our 100% plant-based and circular material PEF, branded as releaf®, starts to reach consumers and becomes a commercial reality. We are entering a transformative new chapter of the Company, defined by innovation, scale, and impact. We are proud to move forward with the continued trust of our shareholders and the enthusiasm of new investors as we build a more sustainable future together.”
About Avantium
Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercialises innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO2). The most advanced technology is the YXY® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands. Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.
Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.
This press release by Avantium N.V. contains information that qualifies as inside information within the meaning of section 7(1) of Regulation (EU) No 596/2014 on market abuse.
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Forward-looking information / disclaimer
This press release may include forward-looking statements. Other than reported financial results and historical information, all statements included in this press release, including, without limitation, those regarding our financial position, business strategy and management plans and objectives for future operations, are forward-looking statements. These forward-looking statements are based on our current expectations and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Avantium’s ability to control or estimate precisely, such as future market conditions, the behaviour of other market participants and the actions of governmental regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and are subject to change without notice. Other than as required by applicable law or the applicable rules of any exchange on which our securities may be traded, we have no intention or obligation to update forward-looking statements.
Any securities mentioned herein are not and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered or sold in the United States absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act. The Company has no intention to register any part of the offering in the United States or make a public offering of securities in the United States.
For more information:
Media:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179
mediarelations@avantium.com
Investor Relations:
Aarne Luten, Head of Investor Relations
+31-625687714
ir@avantium.com
