Brief: JonDeTech Raises About SEK 29.1 Mln Through Rights Issue

JonDeTech Sensors AB (publ)

08/12/2022 07:57

Dec 8 (Reuters) - JonDeTech  JDT.ST :
    * SAID ON WEDNESDAY, THE BOARD OF DIRECTORS OF JONDETECH
SENSORS
ANNOUNCES THE OUTCOME OF THE RIGHTS ISSUE OF UNITS WITH
PREFERENTIAL RIGHTS FOR THE EXISTING SHAREHOLDERS
    * 44,846,059 UNITS WERE SUBSCRIBED FOR WITH THE SUPPORT OF
UNIT
RIGHTS, REPRESENTING ABOUT 52.9 PERCENT OF THE RIGHTS ISSUE
    * 1,607,427 UNITS WERE SUBSCRIBED FOR WITHOUT THE SUPPORT OF
UNIT
RIGHTS, REPRESENTING ABOUT 1.9 PERCENT OF THE RIGHTS ISSUE
    * REMAINING GUARANTEED PART OF THE RIGHTS ISSUE,
CORRESPONDING TO
11,654,734 UNITS OR ABOUT 13.7 PERCENT, WILL BE ALLOCATED TO
GUARANTORS
    * RIGHTS ISSUE WILL RAISE ABOUT SEK 29.1 MILLION BEFORE
ISSUE
COSTS, WHICH ARE EXPECTED TO AMOUNT TO ABOUT SEK 6.8 MILLION,
INCLUDING THE CASH COSTS OF THE GUARANTORS
    * PROCEEDS OF THE ISSUE WILL BE USED PRIMARILY TO REPAY
LOANS,
ENABLE CONTINUED MARKET LAUNCH ACTIVITIES TO ACCELERATE GROWTH
AND TO FINANCE THE COMPLETION OF THE PRODUCTION PROCESS FOR
HIGH-VOLUME PRODUCTION

        
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