Brief: Metacon Resolves On Rights Issue Of SEK 119 Mln

Metacon AB (publ)

25/01/2024 12:23

Jan 25 (Reuters) - Metacon AB (publ)  METAC.ST :
    * BOARD OF DIRECTORS IN METACON HAS RESOLVED ON A RIGHTS
ISSUE OF
UNITS OF APPROXIMATELY SEK 119 MILLION
    * UNITS CONSISTING OF NEW SHARES AND WARRANTS OF SERIES TO
1, OF
APPROXIMATELY SEK 119.2 MILLION
    * SUBSCRIPTION PRICE IN RIGHTS ISSUE HAS BEEN DETERMINED TO
SEK
1.74 PER UNIT, CORRESPONDING TO SEK 0.29 PER SHARE
    * CO RECEIVED GUARANTEE UNDERTAKINGS, SUBJECT TO CUSTOMARY
CONDITIONS WHICH, IN AGGREGATE, AMOUNT TO ABOUT SEK 97.6
MILLION, CORRESPONDING TO ABOUT 81.9% OF RIGHTS ISSUE
    * ACCORDINGLY, RIGHTS ISSUE IS COVERED BY SUBSCRIPTION
COMMITMENTS, GUARANTEE UNDERTAKINGS UP TO ABOUT SEK 100.0
MILLION, CORRESPONDING TO APPROXIMATELY 83.9 PERCENT OF RIGHTS
ISSUE
    * NET PROCEEDS FROM RIGHTS ISSUE TO BE USED FOR REPAYMENT OF
BRIDGE LOAN, INTERNATIONAL EXPANSION AND CAPACITY-BUILD
    * SUBSCRIPTION PERIOD FROM 5 FEBRUARY 2024 UNTIL AND
INCLUDING 19
FEBRUARY 2024
    * IF FULLY SUBSCRIBED AND UPON FULL EXERCISE OF WARRANTS OF
SERIES
TO 1, CO IS EXPECTED TO RAISE UP TO AN ADDITIONAL AB. SEK 60.3
MILLION, BEFORE COSTS

Source text for Eikon:  ID:nWkr2nkmsb 
Further company coverage:  METAC.ST 

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