Brief: H&D Wireless Resolves On Issue Of About SEK 26.5 Mln

Hitech & Development Wireless Sweden Holding AB (publ)

04/07/2023 08:26

July 4 (Reuters) - Hitech & Development Wireless Sweden
Holding AB (publ)  HDWb.ST :
    * RESOLVES ON A PARTIALLY GUARANTEED PREFERENTIAL ISSUE OF
UNITS
OF ABOUT SEK 26.5 MLN
    * SUBSCRIPTION PRICE IN RIGHTS ISSUE AMOUNTS TO SEK 0.10 PER
UNIT,
CORRESPONDING TO SEK 0.10 PER SHARE
    * SUBSCRIPTION PERIOD IN RIGHTS ISSUE IS AUGUST 14 - AUGUST
28,
2023
    * RIGHTS ISSUE WITH 264.7 MILLION UNITS MAXIMUM CONSISTING
OF
SHARES, OF BOTH SERIES A AND B, WARRANTS OF SERIES TO4 A AND TO4
B WITH PRE-EMPTIVE RIGHTS FOR EXISTING SHAREHOLDERS, SUBJECT TO
APPROVAL
    * ABOUT 40% TO BE USED TO STRENGTHEN AND DRIVE SALES,
MARKETING OF
CO'S PRODUCTS, 10% FOR REPAYMENT OF OUTSTANDING LOAN

Source text for Eikon:  ID:nBQN1h9QXf 
Further company coverage:  HDWb.ST 

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