Michael Brag, Chaiman of the Board commented on the outcome:

“We are very thankful for the strong backing we have received from both existing and new shareholders in the Rights Issue with preferential rights for existing shareholders. Reaching nearly 94% subscription under challenging market conditions of which 24% has been subscribed without subscription rights. Consequently, we are very satisfied with the outcome. 

The funds raised provide us with the capital we need to partly repay interim loans in accordance with agreements with lenders and consequently significantly reduce our debt-factor. Moreover, we have secured an additional 5 million DKK liquidity to further strengthen our sales, marketing and development efforts”.  

Subscription and allocation

The subscription period in the Rights Issue started on 4 August 2025 and ended on 15 August 2025. The Rights Issue was with preferential rights for existing shareholders.

The Rights Issue was in total subscribed for approximately 93.7 percent, including pre-subscription and activated guarantee commitments.

Of the total subscribed, 133,719,622 new shares or approximately 57.6 % of the total offering were subscribed with use of Subscription Rights.

Of the total subscribed, 24,432,556 new shares or approximately 10.5 % of the total offering were subscribed without support of Subscription Rights.

Of the total subscribed, 59,377,709 new shares or approximately 25.6 % of the total offering were subscribed through guarantee undertakings.

Allocation of subscribed shares in the Rights Issue has been decided by the Company’s Board of Directors, with the following guiding principles:

1. Subscription with support of Subscription Rights
2. Subscription for remaining shares without support of Subscription Rights
3. Guarantee undertakings

The new shares (ISIN code DK0061274529), will be tradeable on Nasdaq First North Growth Market Denmark as soon as possible after the issue has been registered with the Danish Business Authority. Trading in the new shares on Nasdaq First North Growth Market Denmark is expected to commence on or around 27 August 2025.

Proceeds and financial runway

Through the Rights Issue, LED iBond receives DKK 13,1 million in gross proceeds before deduction of transaction related costs of approximately DKK 0.4 million. Net proceeds to LED iBond from the Rights Issue - after transaction costs and repayment of part of the interim loan with DKK 7,8 million corresponding 55% of the total interim loan, (cf. Company Announcement - No. 110 from 13 November 2024) including interest - amount to approximately DKK 5 million.

The total net proceeds from the Rights Issue of approximately DKK 5 million will support the Company´s commercial push by funding intensified sales and business development activities, enabling LED iBond to convert its growing pipeline into revenue and move decisively toward profitability by the end of 2025.

No fees are payable to shareholders who committed to pre-subscribe and to guarantee subscription. Pre-subscription and subscription in accordance with guarantee commitments have taken place on the same terms as have been offered to other shareholders.

Number of shares and share capital

When the new shares from the Rights Issue have been registered with the Danish Business Authority, LED iBond´s share capital will have increased with nominally DKK 10.876,494.35, from nominally DKK 1,935,400.75 to DKK 12,811,895.10. The total number of shares will have increased by 217,529,887 shares, from 38,708,015 shares to 256,237,902 shares, and the dilution effect for the shareholders who did not participate in the Rights Issue therefore amounts to approximately 84.9 %.

Advisors
In connection with the Rights Issue, Gemstone Capital ApS ("Gemstone") is the financial adviser, Danske Bank A/S (“Danske Bank”) is the issuing agent as well as the settlement agent and HC Andersen Capital 2 ApS acts as legal advisor.

Further Information

Michael Brag, Chairman
Mobile: +45 25 10 12 00
Email: mbr@ledibond.com

Company contact
LED iBond International A/S
Ryttermarken 10, 1. sal
3520 Farum
Denmark

CVR 36041609

+45 7070 7855
info@ledibond.com
www.ledibond.com

Certified adviser

HC Andersen Capital
Bredgade 23B, 2.
1260 København K

Telephone: +45 30 93 18 87

Email: ca@hcandersencapital.dk 

About LED iBond International A/S
Founded in 2014, LED iBond offers sustainable, innovative lighting solutions, based on years of development and deep knowledge of modern LED technology combined with advanced packaging and simple assembly technology. 

LED iBond is focusing on three key business lines: Parking Facilities (Parking Houses & Solar Carports), Indoor Farming (Greenhouses & Vertical farms) and Service Stations (Canopies & Car Wash). 

Our technology platforms TRACY®, GRACY™ and HORTISABER™ offer unique value propositions. 

TRACY® and GRACY™ are developed to meet demands for high design flexibility, robustness, easy integration into building construction, less cables and low total costs of ownership due to market leading energy efficiency. 

HORTISABER™ is a new generation of LED grow lights for indoor farming. It’s developed to meet the demands from modern greenhouse productions with outstanding energy efficiency, light uniformity, superior passive cooling design that enhances the lifespan significantly and the unique linear slim-line design ensures minimal daylight shadow.     

LED iBond’s lighting solutions have been installed in many large-scale projects ranging from Parking Houses, Charging Hubs, Solar Carports and Greenhouses to customized illumination projects such as shopping centres, intelligent shelf lighting and elevator ceilings.  

LED iBond is a Danish design and manufacturing company.