Brief: Bio-Works Technologies Resolved On Rights Issue, Changes Listing Venue

Bio-Works Technologies AB

27/06/2024 09:46

June 27 (Reuters) - Bio-Works Technologies AB
 BIOWKS.ST :
    * SAID ON TUESDAY BOD HAS RESOLVED ON A NEW ISSUE OF SHARES
AND
WARRANTS WITH PREFERENTIAL RIGHTS FOR EXISTING SHAREHOLDERS OF
INITIALLY ABOUT SEK 39 MLN BEFORE DEDUCTION OF COSTS 
    * PURPOSE OF ISSUE IS MAINLY TO SECURE WORKING CAPITAL AND
FINANCE
CONTINUED COMMERCIALIZATION, MARKET ESTABLISHMENT OF CO'S
PRODUCTS UNTIL ESTIMATED POSITIVE CASH FLOW FROM OPERATIONS
    * MAIN SHAREHOLDERS SWEDIA INVEST AB AND CALYPTRA AB, OTHER
EXISTING SHAREHOLDERS AND ALL BOARD MEMBERS OF THE CO HAVE
ENTERED INTO SUBSCRIPTION COMMITMENTS OF ABOUT SEK 17.8 MILLION,
CORRESPONDING TO ABOUT 45.6%
    * IN ADDITION, INDIVIDUAL PARTIES HAVE ENTERED INTO
GUARANTEE
COMMITMENTS OF ABOUT SEK 21.2 MLN, CORRESPONDING TO THE
REMAINING 54.4%
    * BIO-WORKS INTENDS, BEFORE THE SUBSCRIPTION PERIOD BEGINS
IN THE
RIGHTS ISSUE, TO CARRY OUT A LIST CHANGE FROM NASDAQ FIRST NORTH
GROWTH MARKET TO SPOTLIGHT STOCK MARKET

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nMFN7qjx1W
 Further company coverage:  BIOWKS.ST  

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