News

03.08.2018 By: Wilfried Seywald

Update: Dexwet is pushing for NASDAQ


Dexwet-Ceo Sparowitz auf Börsekurs

Dexwet is currently preparing for its IPO on the NASDAQ in New York. This was announced by CEO Clemens Sparowitz at the presentation of the new NASCAR factory team Dexwet-DF1 Racing in Vienna. The company had already missed a new international structure at the turn of the year based on unanimous shareholder resolutions. The new parent company Dexwet Holdings Corporation is leading the way on the US market.

The new holding company was founded shortly before the turn of the year 2017 with international partners and the investment bank Maxim Group Ltd. It directly took over the majority stake in Dexwet International AG, all 150 Dexwet shareholders approved within a month. Also, two IP licensing units were established and incorporated as wholly owned subsidiaries in Hong Kong. Dexwet Technology Ltd. will drive forward the international technology licensing business, Dexwet Brand Management Ltd. focusses on the exploitation of international trademark and distribution rights.

Before the Listing / Initial Public Offering (IPO) on NASDAQ, dexwet will carry out two pre-IPO financing rounds with selected investors. At the core of the stock market strategy, however, the company is looking forward to the market entry in China, where the fine dust problem is bigger than ever. Responsible for this move is the new Chairman Hansjoerg Wagner, who has contributed significantly to this strategic focus and supports the management in its expansion efforts.

Around 150 Dexwet shareholders, investors, partners and motorsport enthusiasts gathered in Vienna on 17 July 2018 to find out about the latest developments. "There is nothing more powerful than an idea whose time has come. Our time has now come," said CEO Clemens Sparowitz, President of the new US parent Dexwet Holdings Corporation. The involvement in the motor racing series NASCAR has proven to be fundamental. The European NASCAR Whelen Euro Series was a perfect platform to draw the attention of the automotive industry to Dexwet Filter Technology. Now further activities in this field are to be done. (ws)


Company speaker

Mag. Clemens Sparowitz, CEO
Dexwet International AG
Techgate Vienna
Donau-City-Straße 1, 1220 Wien
c.sparowitz@dexwet.com
Cell +43 (0) 699 1072 7575

External communications

Dr. Wilfried Seywald, PR & IR
Temmel, Seywald & Partner
Josefstädter Straße 44, 1080 Wien
dexwet@tsp.at
Tel. +43 (0)1 4024851-0
Fax +43 (0)1 4024851-18

General Information

office@dexwet.com