Xer Tech Holding [XER] is now officially trading under the ticker symbol XER on the Spotlight Stock Market, marking a significant milestone in the company's growth journey.
The listing follows the successful completion of Renewable Ventures Nordic's reverse acquisition of Xer Tech. As of February 11, the company's shares are traded under the new name Xer Tech Holding AB, with the ticker XER.
The transaction, valued at approximately USD 10 million, positions Xer Technologies with strengthened financial resources and a broad new shareholder base to support its next phase of expansion.
Erik Herlyn, CEO of Xer Technologies, comments:
"This represents an important milestone for Xer Technologies. Trading under the ticker XER reflects the beginning of our next chapter as a public company. This step provides us with the financial foundation to accelerate our mission: delivering reliable, actionable aerial data-faster, safer, with lower costs and energy use than conventional methods."
The company operates at the intersection of European safety and security, energy-sector transformation, and meaningful CO₂ reduction through helicopter replacement and improved methane detection.
Xer Technologies is now positioned to strengthen its platform, scale its hybrid-electric drone technology, expand production capacity, and accelerate market penetration across its key civil and defense markets