Brief: FRISQ To Conduct Rights Issue Of SEK 12 Million

Nosa Plugs AB publ

18/03/2022 12:52

March 18 (Reuters) - Frisq Holding AB (publ)  FRISQ.ST :
    * FRISQ TO CONDUCT A RIGHTS ISSUE OF SEK 12 MILLION
    * RIGHTS ISSUE OFFERS A MAXIMUM OF 11,988,693 SHARES.
    * SUBSCRIPTION PRICE: SUBSCRIPTION PRICE IN RIGHTS ISSUE HAS
BEEN
SET AT ONE (1) SEK PER SHARE.
    * IN EVENT RIGHTS ISSUE IS FULLY SUBSCRIBED AND
OVERSUBSCRIPTION
OPTION IS FULLY EXERCISED, A MAXIMUM OF 13,819,848 SHARES WILL
BE ISSUED AND PROVIDE COMPANY WITH A MAXIMUM OF ABOUT SEK 13.8
MILLION BEFORE DEDUCTION OF COSTS
    * SUBSCRIPTION FOR SHARES WITH AND WITHOUT SUBSCRIPTION
RIGHTS
WILL TAKE PLACE IN PERIOD FROM MARCH 29 TO APRIL 12, 2022.
    * WITH THESE NEW SHARE ISSUES, COMPANY IS EXPECTED TO HAVE
SUFFICIENT FINANCIAL RESOURCES FOR REST OF 2022
    * CURRENT REVENUES IN COMPANY TOWARDS END OF 2022 SHALL, ON
AVERAGE, EXCEED ESTIMATED MONTHLY COSTS OF AN AVERAGE OF
APPROXIMATELY SEK 5 MILLION
    * SEES GOOD OPPORTUNITIES TO ACCELERATE SALES IN COMING
QUARTERS,
ESPECIALLY IN SWEDEN.

Source text for Eikon:  ID:nMFN1Jr8tl 
Further company coverage:  FRISQ.ST 

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