Brief: Piezomotor Reports Q3 Oper Loss At SEK 19.3 Mln, Makes U.S. Acquisition

Acuvi AB

26/10/2021 14:00

Oct 26 (Reuters) - Piezomotor Uppsala PUBL AB   PIEZO.ST :
    * REPORTED ON MONDAY Q3 NET SALES SEK ‍10.5​ MLN VS SEK 6.2
MLN YR
AGO
    * Q3 OPER LOSS SEK ‍19.1​ MLN VS LOSS SEK 4.8 MLN YR AGO 
    * SAID TO ENTER U.S MARKET THROUGH ACQUISITION OF PRECISION
ALLIANCE MOTION  urn:newsml:reuters.com:*:nWkr2xk7jG
    * TO PAY PURCHASE PRICE OF $24 MLN OD CASH AND DEBT-FREE
BASIS 
    * RESOLVED ISSUE OF 3,265,307 SERIES B SHARES TO FINANCE
ACQUISITION, INVEST IN CONTINUED GROWTH 
    * SUBSCRIPTION PRICE WAS SEK 49 PER SHARE
    * ISSUE WAS OVERSUBSCRIBED, GENERATED PROCEEDS OF ABOUT SEK
160
MLN  urn:newsml:reuters.com:*:nWkrQ68jP     

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr9HfyQ3,  urn:newsml:reuters.com:*:nWkr3qgQcx
 Further company coverage:  PIEZO.ST  

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