Brief: Coala-Life Group Raises SEK 150 Million In Rights Issue

Coala-Life AB (publ)

13/04/2022 07:01

April 13 (Reuters) - Coala-Life Group AB (publ)  COALA.ST :
    * COALA-LIFE GROUP RAISES SEK 150 MILLION IN A RIGHTS ISSUE
    * SUBSCRIPTION PERIOD OF RIGHTS ISSUE IN COALA-LIFE GROUP AB
ENDED
ON 11 APRIL 2022. 36,514,460 SHARES, CORRESPONDING TO
APPROXIMATELY 82.7 PERCENT OF OFFERED SHARES, WERE SUBSCRIBED
FOR BY EXERCISE OF SUBSCRIPTION RIGHTS
    * NET PROCEEDS FROM RIGHTS ISSUE ARE MAINLY INTENDED TO BE
USED TO
FUND AN ACCELERATED MARKET PENETRATION IN US, RESEARCH AND
DEVELOPMENT AND GENERAL CORPORATE PURPOSES
    * THROUGH RIGHTS ISSUE, COMPANY WILL RECEIVE APPROXIMATELY
SEK 150
MILLION BEFORE DEDUCTION OF COSTS RELATED TO TRANSACTION, WHICH
AMOUNT TO APPROXIMATELY SEK 22.2 MILLION

Source text for Eikon:  ID:nMFN3PL7pp 
Further company coverage:  COALA.ST 

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