Warrants of series TO2 were subscribed to approximately 97.6 percent and Wyld Networks AB receives approximately SEK 19.4 million
Summary
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.Wyld Networks AB (Wyld Networks or the Company) today announces the outcome of the exercise of warrants of series TO2, which were issued in connection with the Companys new issue in connection the listing on Nasdaq First North Growth Market (Nasdaq First North) in July 2021. Wyld Networks will receive approximately SEK 19.4 million before issuing costs through the exercise of the warrants of series TO2.Background The subscription period for exercise of the warrants of series TO2 took place during the period from and including December 6, 2022, up to and including December 19, 2022. This provides us with significant funding to boost the commercialisation of Wylds satellite IoT offering to the market and allows us to enhance our solutions technical capability. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law.