Brief: Qlife Carries Out Rights Issue Of Units Of About SEK 76 Million

Qlife Holding AB

24/08/2022 07:09

Aug 24 (Reuters) - Qlife Holding AB  QLIFE.ST :
    * QLIFE CARRIES OUT A RIGHTS ISSUE OF UNITS OF APPROXIMATELY
SEK
76 MILLION AND BRINGS FORWARD THE PUBLICATION OF THE INTERIM
REPORT FOR THE FIRST HALF OF 2022
    * RIGHTS ISSUE MAINLY INTENDS TO FINANCE APPROVAL OF A CRP
TEST
FOR SELF-TEST USE IN EUROPEAN MARKETS AS WELL AS COMPLETION AND
FILING OF CLINICAL STUDIES FOR CE APPROVAL OF A PHE TEST FOR
SELF-TEST USE
    * MEMBERS OF COMPANY'S BOARD OF DIRECTORS AND SENIOR
EXECUTIVES
HAVE EXPRESSED THEIR INTENT TO SUBSCRIBE FOR A TOTAL OF
APPROXIMATELY SEK 1.3 MILLION
    * HAS RECEIVED GUARANTEE UNDERTAKINGS OF APPROXIMATELY SEK
51.7
MILLION, CORRESPONDING TO A TOTAL OF APPROXIMATELY 70 PERCENT OF
RIGHTS ISSUE
    * UPON FULL SUBSCRIPTION IN RIGHTS ISSUE, QLIFE WILL
INITIALLY
RECEIVE APPROXIMATELY SEK 76 MILLION BEFORE ISSUE COSTS
    * UPON FULL EXERCISE OF ALL WARRANTS, QLIFE WILL RECEIVE
ADDITIONAL PROCEEDS OF A MAXIMUM OF APPROXIMATELY SEK 108
MILLION BEFORE ISSUE COSTS
    * RIGHTS ISSUE IS SUBJECT TO APPROVAL BY EXTRAORDINARY
GENERAL
MEETING ON 27 SEPTEMBER 2022

Source text for Eikon:  ID:nWkr4vsp1C 
Further company coverage:  QLIFE.ST 

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