BaFin Suspects Illegal Share Offering by High Performance Battery Holding AG
Summary
BaFin suspects High Performance Battery Holding AG of illegally offering shares in Germany without a required prospectus. Consumers are advised to invest only based on legally required information and to report suspicious activities.
What changed
BaFin has identified sufficient grounds to suspect that High Performance Battery Holding AG, based in Switzerland, is conducting an illegal public offering of its shares within Germany. The company is alleged to be operating without the necessary securities prospectus, and there is no indication that any exemptions from this requirement apply. This action by BaFin highlights potential violations of German securities law regarding public offerings.
Regulated entities and investors should be aware that offering securities to the public in Germany requires an approved prospectus published by BaFin. Failure to comply can lead to liability for issuers and offerors. BaFin advises consumers to rely solely on legally mandated information and provides a database for checking filed prospectuses. The agency also encourages individuals with specific information about the suspected illegal offering to contact their whistleblower point.
What to do next
- Verify if High Performance Battery Holding AG shares are being offered to the public in Germany.
- Ensure any public offering of securities in Germany is accompanied by a BaFin-approved prospectus.
- Report any suspected illegal offerings or related information to BaFin's whistleblower contact point.
Penalties
Offerors and issuers can be held liable for failing to publish a prospectus as required. The party responsible for the prospectus is also liable for the accuracy and completeness of the information contained in the prospectus.
Source document (simplified)
Erscheinung: 19.03.2026 | Topic Consumer protection, Prospectuses High Performance Battery Holding AG: grounds to suspect shares being offered to the public without the required securities prospectus
The Federal Financial Supervisory Authority (BaFin) has sufficient grounds to suspect that High Performance Battery Holding AG, Switzerland, is offering securities in the form of company shares to the public in Germany without the required prospectus. There are no indications that the conditions for exemption from the prospectus requirement are met.
Background information:
As a rule, securities may be offered to the public in Germany only if a prospectus has been published. This prospectus must be approved by BaFin prior to publication. During the prospectus approval process, BaFin checks whether the minimum information required by law is included in the prospectus and whether its content is understandable, coherent and consistent. However, BaFin is not responsible for checking whether the information contained in the securities prospectus is correct, for assessing the integrity of the issuer, or for reviewing the product in question. Offerors and issuers can be held liable for failing to publish a prospectus as required. The party responsible for the prospectus is also liable for the accuracy and completeness of the information contained in the prospectus.
BaFin advises consumers to base all investments in securities solely on the information offerors are required to provide by law. Information on whether an approved prospectus for an offer of securities to the public has been filed with BaFin can be found in the database of prospectuses filed on the BaFin website.
Please note:
BaFin performs its functions and exercises its powers exclusively in the public interest in accordance with section 4 (4) of the Act Establishing the Federal Financial Supervisory Authority (Finanzdienstleistungsaufsichtsgesetz – FinDAG). Due to their statutory obligation of confidentiality, BaFin ’s staff are not in a position to provide third parties with information regarding the progress and results of administrative proceedings.
However, there are ways in which you can support BaFin ’s work: if you have any specific information about the offeror mentioned above – such as contract templates, email addresses, telephone or fax numbers of contact persons or the offeror’s account details – please do not hesitate to get in touch with our contact point for whistleblowers.
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