Nasdaq Helsinki welcomes Kempower to Nasdaq First North Growth Market Finland
Dec 14, 2021 – Nasdaq (Nasdaq: NDAQ) announces that trading in Kempower Corporation shares (short name: KEMPOWR) commence today on Nasdaq First North Growth Market Finland. The company belongs to Industrials sector. Kempower is the 201st company to be admitted to trading on Nasdaq’s Nordic markets* in 2021, and it represents the 30th listing on Nasdaq Helsinki in 2021.
Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines. They are a team of electric vehicle enthusiasts with a deep understanding of the charging market and a hands-on mentality. The product development and production are rooted in Finland, with a majority of the materials and components sourced locally. Kempower focuses on all areas of transportation, from personal cars and commercial vehicles to mining equipment, boats and motorsports. With Kemppi Group’s 70 years’ experience in perfecting DC power supplies, the company sets the bar high in engineering and user-experience design. www.kempower.com
Tomi Ristimäki, CEO of Kempower, comments: “It means a lot to us to see that so many investors believe in Kempower and its mission to enable clean mobility. Thanks to this overwhelming interest we can continue to execute our plans to scale up our technology and follow with the rapid market expansion in Europe and in the U.S. I would like to thank all Kempower colleagues, customers and partners for their seamless team effort and high-quality work during our journey so far. I wish a warm welcome to all new shareholders joining our journey.”
“We are pleased to welcome Kempower to Nasdaq First North Growth Market, and we want to extend the warmest congratulations on the successful completion of their IPO,” says Henrik Husman, President of Nasdaq Helsinki. “Kempower and its advanced dynamic power distribution charging solutions are a great addition to our Industrials sector. We look forward to follow Kempower as a listed company.”
Kempower has appointed Alexander Corporate Finance Oy as its Certified Adviser.
*Main markets and Nasdaq First North Growth Market at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm
About Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, as defined by the Directive on Markets in Financial Instruments (EU 2014/65). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North Growth Market and not the legal requirements for admission to trading on a regulated market, such as the Nasdaq Nordic Main Market. The risk in such an investment may be higher than on the main market.
The Premier segment within Nasdaq First North Growth Market is designed to further assist companies in raising investor visibility and to prepare them for a Main Market listing. The Premier segment targets companies that make a conscious decision to comply with higher disclosure and accounting standards than imposed under the Nasdaq First North Growth Market rules.
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MEDIA CONTACT:
Maarit Bystedt
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maarit.bystedt@nasdaq.com
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