Brief: NeoDynamics Resolves On Rights Issue Of About SEK 25 Mln

Neodynamics AB (publ)

04/01/2024 07:57

Jan 4 (Reuters) - NeoDynamics AB (publ)  NEOD.ST :
    * SAID ON WEDNESDAY IT RESOLVES ON RIGHTS ISSUE OF SHARES
WITH
PREFERENTIAL RIGHTS FOR EXISTING SHAREHOLDERS OF ABOUT SEK 25
MILLION
    * TO FINANCE COMMERCIALIZATION AND MARKETING ACTIVITIES 
    * COMPANY HAS RECEIVED SUBSCRIPTION UNDERTAKINGS FROM CO'S
LARGER
EXISTING SHAREHOLDERS, INCLUDING GRYNINGSKUST HOLDING AB AND
RENTABILITY SWEDEN AB AS WELL AS FROM MEMBERS OF THE COMPANY'S
BOARD AND MANAGEMENT CORRESPONDING TO ABOUT 34% OF PROCEEDS OF
THE RIGHTS ISSUE
    * COMPANY HAS ENTERED INTO AGREEMENTS ON GUARANTEE
COMMITMENTS
CORRESPONDING TO ABOUT 66% OF RIGHTS ISSUE
    * RIGHTS ISSUE COMPRISES A MAXIMUM OF 25,360,828 SHARES
    * SUBSCRIPTION PRICE IS SEK 1 PER SHARE
    * BOARD HAS ALSO RESOLVED TO PROPOSE A REVERSE SPLIT 1:100
    * SUBSCRIPTION PERIOD RUNS FROM 1 MARCH 2024 UNTIL 15 MARCH
2024


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN2Yxs9p
 Further company coverage:  NEOD.ST  

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