Brief: InCoax Announces Results Of Rights Issue

InCoax Networks AB

29/04/2021 14:10

April 29 (Reuters) - InCoax Networks AB  INCOAX.ST :
    * INCOAX NETWORKS AB (PUBL) ANNOUNCES THE RESULTS OF THE RIGHTS ISSUE
    * RIGHTS ISSUE PROVIDES COMPANY WITH APPROXIMATELY SEK 39.6 MILLION AFTER DEDUCTION OF ISSUE
COSTS
OF APPROXIMATELY SEK 1.5 MILLION.
    * UPON FULL EXERCISE OF ALL WARRANTS SERIES 2021, COMPANY MAY BE PROVIDED WITH AN ADDITIONAL
CAPITAL INJECTION OF UP TO APPROXIMATELY SEK 23 MILLION AFTER EXERCISE PERIOD FOR WARRANTS THAT
RUNS FROM AND INCLUDING DECEMBER 1, 2021 TO AND INCLUDING DECEMBER 31, 2021
    * RIGHTS ISSUE WAS SUBSCRIBED TO ABOUT 96% WITH SUPPORT OF UNIT RIGHTS AND ABOUT 123%
WITHOUT
SUPPORT OF UNIT RIGHTS

Source text for Eikon:  ID:nWkr3PmqmJ 
Further company coverage:  INCOAX.ST 

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