Zaklad Budowy Maszyn ZREMB - Chojnice Spolka Akcyjna announced a private placement of 700,000 J Series shares at a price of PLN 2 per share for gross proceeds of PLN 1,400,000 on October 24, 2022. The transaction will include participation from Bud-rem-stal Sp. z o.o. Sp.k. for 200,000 shares, Terraen-Magazyn Energii for 200,000 shares and individual investor Hanna Kuczynska for 300,000 shares.

The transaction is subject to conditions including shareholders and board approval.