Brief: Brain+ Intends To Execute Rights Issue Of Units

Brain+ A/S

29/03/2023 08:34

March 29 (Reuters) - Brain+ A/S  BRAINP.CO :
    * THE BOARD OF DIRECTORS IN BRAIN+ A/S INTENDS TO EXECUTE A
RIGHTS
ISSUE OF UNITS OF APPROXIMATELY DKK 15.7 MILLION IN ORDER TO
INTENSIFY COMMERCIAL ACTIVITIES
    * PURPOSE OF RIGHTS ISSUE IS TO EXPAND CO'S COMMERCIAL
ACTIVITIES
TO REACH BREAK-EVEN ON MONTHLY BASIS BY END OF 2025
    * RIGHTS ISSUE COMPROMISES A MAXIMUM OF 15,720,518 UNITS:
31,441,036 SHARES, 31,441,036 WARRANTS OF SERIES TO 2,
31,441,036 WARRANTS OF SERIES TO 3
    * AIMS TO RAISE DKK 15.7 MILLION BEFORE TRANSACTION RELATED
COSTS
    * SUBSEQUENTLY WARRANT EXERCISE OF TO 2 AND TO 3 CAN PROVIDE
COMPANY WITH ADDITIONAL AMOUNT OF ABOUT DKK 6.3 - 25.2 MILLION
AND DKK 9.4 - 37.7 MILLION IN GROSS PROCEEDS
    * HAS RECEIVED PRE-SUBSCRIPTION COMMITMENTS AMOUNTING TO
ABOUT DKK
4.44 MILLION
    * HAS RECEIVED GUARANTEE COMMITMENTS AMOUNTING TO ABOUT DKK
8.93
MILLION
    * RIGHTS ISSUE SECURED TO APPROXIMATELY DKK 13.40 MILLION
    * CORRESPONDING TO ABOUT 85 PERCENT OF INITIAL PART OF
RIGHTS
ISSUE

Source text for Eikon:  ID:nWkr6r9LhN 
Further company coverage:  BRAINP.CO 

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