Bifogade filer
Prenumeration
Beskrivning
Land | Sverige |
---|---|
Lista | Small Cap Stockholm |
Sektor | Hälsovård |
Industri | Bioteknik |
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SynAct Pharma AB (“SynAct” or the “Company”) today announces the outcome of the Company’s rights issue of approximately MSEK 20 (the “Rights Issue”), for which the subscription period ended on January 7, 2025. The outcome shows that 3,711,114 shares, corresponding to 161.8 percent of the Rights Issue, were subscribed for without the support of subscription rights. Thus, no guarantee commitments will need to be utilised. Through the Rights Issue, the Company raises approximately MSEK 20 before deduction of transaction costs.
On November 20, 2024, the Company announced its intention to carry out a fully guaranteed rights issue, corresponding to approximately MSEK 20 before deduction of transaction costs, which was subsequently approved by the extraordinary general meeting on December 13, 2024. Hunter Capital AB (publ) and David Palm (the “Guarantors”) committed to subscribe for new shares not subscribed for in the Rights Issue (the “Guarantee commitments”) up to 100 percent of the total volume of the Rights Issue, thereby ensuring that the Rights Issue is fully guaranteed.
Final outcome
The outcome shows that 1,304,150 shares, corresponding to approximately 56.8 percent of the offered shares, were subscribed for with the support of subscription rights. In addition, applications to subscribe for 2,406,994 shares without the support of subscription rights were received, corresponding to approximately 104.9 percent of the offered shares. Thus, the Rights Issue was subscribed to approximately 161.8 percent with and without the support of subscription rights. The Rights Issue is thereby fully subscribed, and SynAct will receive proceeds of approximately MSEK 20 before issue costs. Thus, no guarantee commitments will need to be utilised. Due to the strong interest among investors, the oversubscribed Rights Issue is considered successfully completed.
Registration of new shares subscribed for with and without the support of subscription rights is expected to take place with the Swedish Companies Registration Office within short and the new shares are expected to be admitted to trading on Nasdaq Stockholm on or around January 17, 2025.
Notification of allocation
Notification of allocation of shares subscribed for without the support of subscription rights will shortly be sent to those who have been allocated shares via a contract note. Nominee-registered shareholders will receive notification in accordance with the routines of their respective nominees. Allocation of shares subscribed for without the support of subscription rights has been carried out in accordance with the principles set out in the prospectus published on December 17, 2024.
Number of shares and share capital
Through the Rights Issue, the Company’s share capital will increase by SEK 286,781.000, from SEK 5,810,933.375 to a total of SEK 6,097,714.375. The number of shares in the Company will increase from 46,487,467 shares by 2,294,248 shares, bringing the total to 48,781,715 shares.
Advisors
DNB Markets, a part of DNB Bank ASA, Sweden branch (”DNB Markets”) is acting as Financial Advisor to the Company and DLA Piper Sweden is acting as legal advisor in connection with the Capital Raise.