In a share swap, 3DOM SG will issue new shares representing 8% of its enlarged issued share capital in exchange for new shares representing 24% of G8’s enlarged issued share capital.
Japanese venture company 3DOM is investing up to US$10 million in local renewable energy company G8 Subsea, representing an aggregate stake of up to 5% in the company.
This implies a total valuation of US$200 million for G8. The company plans to explore a Nasdaq listing in mid-2022.
