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SUBGEN Subgen AI AB News Story

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Brief: Subgen AI Plans Share Issue, Eyes 58.8% Substrate AI Stake

BRIEF-Subgen AI Plans Share Issue, Eyes 58.8% Substrate AI Stake

- Subgen AI AB SUBGEN.ST:

  • ANNOUNCES DIRECTED ISSUE OF ORDINARY SHARES AND WARRANTS WITH PAYMENT IN KIND CONSISTING OF A SHARES IN SUBSTRATE AI

  • RESOLVES ON DIRECTED ISSUE OF UP TO 671.72 MILLION ORDINARY SHARES FOR SEK 59.5 MILLION

  • DIRECTED ISSUE OFFERS ABOUT 12.3 SUBGEN AI ORDINARY SHARES PER SUBSTRATE AI A SHARE

  • TO HOLD ABOUT 58.6% OF CAPITAL AND ABOUT 58.8% OF VOTES IN SUBSTRATE AI AFTER ISSUE

  • RESOLVES ON ISSUE OF UP TO 671.72 MILLION ORDINARY SHARES AND 105 MILLION WARRANTS

  • PAYMENT IN KIND VALUED AT €5.47 MILLION OR SEK 59.51 MILLION

Source text: ID:nMFN7ly26h

Further company coverage: SUBGEN.ST


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