WAGA ENERGY ENTERS THE EURONEXT PARIS REGULATED MARKET AND RAISES NEARLY €130M TO FINANCE ITS INTERNATIONAL GROWTH

Waga Energy announces the very strong success of its IPO on the Euronext Paris regulated market, with the offering four times oversubscribed and total demand of €345M. The transaction represents a total gross amount of €110M, which may be increased to €126M if the over-allotment option is exercised in full, including €108M through the issue of new shares.
The share price was set at €23.54, at the top of the indicative range, representing a market capitalisation of €449M. This IPO will enable Waga Energy to accelerate the international deployment of its WAGABOX® technology, dedicated to producing biomethane from landfill gas. The funds raised will mainly be used to finance the equity portion required to reach the target of 100 WAGABOX® units in operation by the end of 2026, and to strengthen the prospecting and development teams in the target geographies. Following the transaction, Noria holds 935,819 shares, representing 4.9% of the share capital and voting rights.