Insplorion announces the outcome of the exercise of warrants of series TO2
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Industri |
| Industri | Industriprodukter |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED KINGDOM, THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, RUSSIA, BELARUS OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL MEASURES OTHER THAN THOSE REQUIRED BY SWEDISH LAW. SEE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE.
The subscription period for the exercise of the warrants of series TO2 took place during the period from and including March 11, 2024 to and including March 25, 2024. In total, 5 672 912 warrants of series TO2 were exercised for subscription of 2 836 456 shares, which means that approximately 72 percent of the outstanding warrants of series TO2 were exercised for subscription of shares and the Company receives approximately SEK 5.9 million before issuing costs.
Number of shares, share capital and dilution
The subscription price for the warrants of series TO2 was set at SEK 2.08 per share.
Through the exercise of warrants of series TO2, the number of shares in Insplorion increases by
2,836,456 shares, from 20,952,742 shares to 23,789,198 shares. The share capital increases by 425,469 SEK, from 3,142,912 SEK to 3,568,381 SEK. For existing shareholders who have not exercised any warrants of series TO2, the dilution amounts to approximately 11.9 percent of the number of shares and votes in the Company.
Advisors
Naventus Corporate Finance AB is financial advisor and Hagberg & Aneborn Fondkommission AB is the issuing agent.
For further information, please contact:
Johan Rask, CEO, Insplorion
Tel: 070-894 60 60
E-post: johan.rask@insplorion.com
Per Giljam, CFO, Insplorion
Tel: 073-423 50 10
E-post: per.giljam@insplorion.com
www.insplorion.com
Important information
The publication, announcement or distribution of this press release may be subject to restrictions in certain jurisdictions. Recipients of this press release in the jurisdictions where this press release has been published, announced or distributed should inform themselves about and observe such restrictions. This press release does not constitute an offer or an invitation to acquire or subscribe for any securities in the Company in any jurisdiction. Any invitation to the persons concerned to participate in the Rights Issue will only be made through the EU growth prospectus that the Company publishes in connection with the Rights Issue.
This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration, or an exemption from registration, under the U.S. Securities Act of 1933, as amended. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United Kingdom, the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, Russia, Belarus or any other jurisdiction where such announcement, publication or distribution of this information would be contrary to applicable laws and regulations.
This press release is not a prospectus under Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. Within the European Economic Area, there is no public offering of securities in any country other than Sweden. In other member states of the European Union, such an offer can only be made in accordance with exemptions in the Prospectus Regulation.
This press release contains certain forward-looking information that reflects the Company's current view of future events and financial and operational development. Words such as "intend", "expect", "anticipate", "may", "plan", "believe", "estimate" and other expressions that imply indications or predictions of future developments or trends, and that are not based on historical facts, constitute forward-looking information. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they depend on future events and circumstances. Forward-looking information is not a guarantee of future results or developments, and actual outcomes may differ materially from those expressed in forward-looking information.