Hexicon board prepares liquidation balance sheet and convenes shareholder meeting

what happened

The board of directors of Hexicon AB (publ) has signed a balance sheet for liquidation purposes dated 31 August 2026, which the company's auditor has reviewed. According to a TradingView report, shareholders' equity stands at SEK 880,736,557 against registered share capital of SEK 3,638,026.86, meaning equity is not below half of share capital. However, KPMG AB declined to express an opinion, citing uncertainty over financing and the company's ability to continue operating, as well as insufficient audit evidence for the revaluation of financial fixed assets.

As a precaution, the board has called an extraordinary general meeting for 25 November 2026, which will also serve as the initial meeting for liquidation purposes. Shareholders will decide whether the company enters liquidation or keeps operating. The board favors continued operations and considers that path realistic, pointing to planned short-term financing, liquidity inflows, strict payment prioritisation and possible cost cuts. These measures are not yet secured, so material uncertainty remains over Hexicon's ability to fund its ongoing activities.

why it matters

Hexicon develops floating wind projects and is listed on Nasdaq First North. For the broader market the news matters mainly as a warning sign about a small issuer: the auditor's refusal to opine and the financing uncertainty raise risks for shareholders, but the company's size is limited and the impact on the renewable energy sector is likely small.

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