JR Holding has investment agreements in Fluence worth EUR 1 million

JR Holding has signed agreements with Fluence, its founders and other investors regarding the investment of the equivalent of EUR 1 million in a company with the technology to build femtosecond lasers.

“This investment will consist in increasing the capital in Fluence and JRH taking up 71 newly created shares for the equivalent of EUR 1 million, which will constitute 7.07% of Fluence's capital after the increase. The agreement provides for the payment by JRH of 25% of the investment amount immediately after signing it, and the remaining amount by January 15, 2023.” – we read in the message.

Fluence has the technology to build femtosecond lasers that are extremely resistant to shock, vibration and environmental conditions. Fluence products find commercially proven applications in industry (consumer electronics, polymers, semiconductors, LED, surface treatment, glass and transparent materials processing), biophotonics and medicine and science. Fluence intends to allocate the acquired funds for development, primarily for scaling production capacity and expanding the team with further highly qualified engineers, marketing and sales teams, thanks to which it will be possible to commercialize Fluence products globally, as indicated in the information.

JR Holding ASI is a company listed on the NewConnect market since 2012, focusing on investment activities and involvement in companies from the following industries: digital business, renewable energy sources, computer games, medical, biotechnology and modern media. In accordance with the strategy, this year the company intends to develop its portfolio by increasing its diversification, investing in the most promising ventures, launching new investment projects and debuting on the main market of the Warsaw Stock Exchange.

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