Brief: Cell Impact Intends To Resolve On Rights Issue Of Up To About SEK 350 Mln

Cell Impact AB (publ)

29/10/2021 09:42

Oct 29 (Reuters) - Cell Impact AB  CIb.ST :
    * SAID ON THURSDAY INTENDS TO RESOLVE ON A FULLY GUARANTEED
RIGHTS
ISSUE OF UP TO ABOUT SEK 350 MILLION  ($41.04 MILLION)
    * PURPOSE OF THE RIGHTS ISSUE IS TO ENSURE CONTINUED
FINANCING OF
CELL IMPACT'S BUSINESS PLAN, WHICH INCLUDES INCREASING THE
COMPANY'S PRODUCTION CAPACITY
    * TOGETHER WITH EXISTING CASH, THE NET PROCEEDS FROM THE
RIGHTS
ISSUE IS EXPECTED TO BE SUFFICIENT TO FINANCE THE COMPANY'S
BUSINESS PLAN TO MID-2023 PROVIDED THAT THE RIGHTS ISSUE
GENERATES GROSS PROCEEDS OF ABOUT SEK 350 MILLION
    * THE SUBSCRIPTION PERIOD IN THE RIGHTS ISSUE IS TENTATIVELY
EXPECTED TO TAKE PLACE NOV. 29 - DEC. 13, 2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQNDh5YC
 Further company coverage:  CIb.ST  


($1 = 8.5285 Swedish crowns)

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