Prostatype Genomics AB enters into top-down underwriting ahead of upcoming rights issue of units
Prostatype Genomics AB enters into top-down underwriting ahead of upcoming rights issue of units
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, HONG KONG, SWITZERLAND, SINGAPORE, SOUTH KOREA, RUSSIA, BELARUS OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR REQUIRE ADDITIONAL REGISTRATION OR OTHER MEASURES BEYOND THOSE REQUIRED UNDER SWEDISH LAW. PLEASE REFER TO “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.
On 29 June 2026, Prostatype Genomics AB (“Prostatype Genomics” or the “Company”) announced that the Board of Directors, supported by authorization from the Annual General Meeting held on 22 June 2026, had resolved to carry out a rights issue of units of approximately SEK 47.4 million with preferential rights for the Company’s existing shareholders (the “Rights Issue”). The Company has now entered into a top-down underwriting of approximately 10.1 MSEK, corresponding to approximately 21.3 percent of the issue proceeds. The Rights Issue is thus covered by subscription commitments, bottom- and top-down underwriting undertakings totalling approximately 43.2 MSEK, corresponding to approximately 91.3 percent of the maximum issue proceeds. For the top-down underwriting undertaking, compensation of 14 percent in cash or alternatively 16 percent in the form of units is payable, calculated on the underwritten amount. This corresponds to the compensation level for the previously communicated bottom underwriting.
Subscription commitments and underwriting undertakings
With the newly entered top-down underwriting undertaking, the Rights Issue is now secured in writing to approximately 91.3 percent through subscription commitments and underwriting undertakings, whereby members of the Board of Directors as well as other existing shareholders have provided subscription commitments (with and without preferential rights) totaling approximately SEK 9.2 million, corresponding to approximately 19.4 percent of the Rights Issue. Vator Securities AB has provided a top-down underwriting undertaking (from 100 percent down to approximately 78.7 percent) of approximately 10.1 MSEK, corresponding to approximately 21.3 percent of the Rights Issue, in addition to the previously announced bottom underwriting undertaking of a total of approximately SEK 23.9 million, corresponding to approximately 50.6 percent of the Rights Issue, which extends from the level of subscription commitments of 19.4 percent up to 70.0 percent of the Rights Issue. For both the bottom- and top-down underwriting undertakings, an underwriting fee of 14 percent of the underwritten amount is payable in cash, or alternatively 16 percent if the underwriter chooses compensation in the form of units in the Company. Vator Securities AB has the necessary authorization to act as an underwriter and has entered into separate option agreements with a number of investors for the transfer of any units allotted in the event of the underwriting being utilized.
If the issue underwriter chooses to receive underwriting compensation in the form of units, the Board intends to resolve on a directed issue of such units to the issue underwriter. The terms of any such directed underwriter issue will correspond to the terms of the Rights Issue.
Timeline for the Rights Issue
- Subscription period: 9-23 July 2026.
- Trading in unit rights: 9-20 July 2026.
- Trading in BTUs (paid subscribed units): from 9 July 2026 up to and including the date on which the Rights Issue has been registered with the Swedish Companies Registration Office (Sw. Bolagsverket). The last day of trading in BTUs will be announced in a separate press release following completion of the Rights Issue.
- Press release announcing the outcome of the Rights Issue: around 27 July 2026.
- First day of trading in warrants of series TO6 and TO7: around 14 August 2026.
Information memorandum
An information memorandum containing complete terms and conditions for the Rights Issue will shortly be available via the Company’s website (www.prostatypegenomics.com).
Information to investors pursuant to the Swedish Foreign Direct Investment Screening Act (2023:560)
As the Company conducts activities deemed worthy of protection under the Swedish Foreign Direct Investment Screening Act (2023:560), certain investments in the Rights Issue may need to be reviewed by the Inspectorate of Strategic Products (ISP). For more information, please visit the ISP website, www.isp.se, or contact the Company.
Advisors
Navia Corporate Finance AB and Birchtree Advisory AB are financial advisors and Bookrunners in connection with the Rights Issue. Advokatfirman Lindahl is the legal advisor. Vator Securities AB is the issuing agent.
For more information about the Rights Issue, please contact:
Navia Corporate Finance AB
E-mail: info@naviacf.se
Website: www.naviacorporatefinance.com
or
Birchtree Advisory AB
E-mail: jonas.bjorkman@birchtreeadvisory.se
Website: www.birchtreeadvisory.se
For more information about the Company, please contact:
Fredrik Rickman, VD Prostatype Genomics AB
Phone: +46 (0)73 049 77 01
E-mail: fredrik.rickman@prostatypegenomics.com
Certified Adviser
Tapper Partners AB
Phone: +46 (0)70 44 010 98
E-mail: ca@tapperpartners.se
About Prostatype Genomics
Prostatype® is a genetic test that is available to patients and treating urologists as a complementary decision basis for the question of treatment or non-treatment of prostate cancer. The test was developed by a research group at Karolinska Institutet and is provided by Prostatype Genomics AB.
Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe for, or otherwise trade in shares, warrants, or other securities in Prostatype Genomics. No action has been taken, and no action will be taken, to permit an offer to the public in any jurisdiction other than Sweden. The invitation to interested persons to subscribe for shares in Prostatype Genomics will only be made through the information memorandum that Prostatype Genomics intends to publish before the subscription period commences.
The information in this press release may not be released, published, or distributed, directly or indirectly, in or into the United States, Belarus, Russia, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, or any other jurisdiction where such action would be unlawful, subject to legal restrictions, or require measures other than those required under Swedish law. Actions in violation of these restrictions may constitute a violation of applicable securities laws. No shares or other securities in Prostatype Genomics have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction in the United States, and may not be offered, sold, or otherwise transferred, directly or indirectly, in or into the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of the relevant state or other jurisdiction in the United States. This press release is distributed and directed only to persons in the United Kingdom who are (i) investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) high net worth entities and other persons to whom this press release may lawfully be communicated, falling within Article 49(2)(a)-(d) of the Order (all such persons together being referred to as “Relevant Persons”). Persons who are not Relevant Persons must not act on or rely on the information contained in this press release. Any investment or investment activity to which this press release relates is available only to Relevant Persons and will only be engaged in with Relevant Persons. Persons distributing this communication must satisfy themselves that such distribution is lawful.
Forward-looking statements
This press release contains forward-looking statements concerning the Company’s intentions, assessments, or expectations regarding the Company’s future results, financial position, liquidity, development, prospects, expected growth, strategies, and opportunities, as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and may be identified by the use of terms such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “assumes,” “should,” “could,” and, in each case, their negative forms, or similar expressions. The forward-looking statements in this press release are based on various assumptions, many of which are in turn based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will materialize or prove to be correct. Because these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, actual results or outcomes may differ materially from those expressed in the forward-looking statements for a variety of reasons.
Such risks, uncertainties, unforeseen events, and other significant factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are correct, and readers of this press release should not place undue reliance on the forward-looking statements contained herein. The information, opinions, and forward-looking statements expressed or implied in this press release speak only as of the date of this press release and are subject to change. Neither the Company nor any other party undertakes to review, update, confirm, or publicly announce any revision to any forward-looking statement to reflect events that occur or circumstances that arise in relation to the contents of this press release, except as required by law or the Nasdaq First North Growth Market Rulebook for Issuers.