Brief: Sileon Enters Into LoI With Omnio Regarding Reverse Takeover, Share Issue
31/03/2025 07:40
March 31 (Reuters) - Sileon AB (publ) SILEON.ST: HAS ENTERED INTO A LETTER OF INTENT WITH OMNIO REGARDING A REVERSE TAKEOVER AND PLANS TO RAISE SEK 10 MILLION THROUGH A CONVERTIBLE LOAN AND EUR 10 MILLION THROUGH A CASH SHARE ISSUE LOI: THAT SILEON ISSUES NEW SHARES TO SHAREHOLDERS, ENTAILING THAT SHAREHOLDERS WILL OWN ABOUT 95% OF NEW OUTSTANDING SHARES REMAINING 5% OF SHARES WOULD VALUE SILEON AT ABOUT EUR 5 MILLION, WHICH CORRESPONDS TO A SUBSCRIPTION PRICE OF SEK 15.0 INTENDS TO ISSUE WARRANTS, FREE OF CHARGE, TO ITS EXISTING SHAREHOLDERS SILEON AND RIEBER & SØN INTEND TO ENTER INTO CONVERTIBLE LOAN AGREEMENT OF APPROXIMATELY SEK 10 MILLION IF MERGER AGREEMENT IS NOT ENTERED INTO BY MAY 5, 2025, LOI WILL TERMINATE NEW LISTING PROCESS WILL BE REQUIRED FOR SILEON ON NASDAQ FIRST NORTH GROWTH MARKET Source text: ID:nMFN4BnmWd Further company coverage: SILEON.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))