Serstech receives a new major shareholder through a directed share issue of SEK 40 million | Serstech
Summary
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ADDITIONAL MEASURES BEYOND THOSE REQUIRED BY SWEDISH LAW.The Board of Directors of Serstech AB (publ) (Serstech or the Company), listed on Nasdaq First North Growth Market, has today, on 25 November 2024, resolved to carry out a directed share issue of SEK 40 million before transaction costs (the Directed Share Issue) at a subscription price of SEK 0.84 per share. The subscription price in the Directed Share Issue has been decided by the Board of Directors after arms length negotiations with the investors and in consultation with the Companys financial advisor North Point Securities. The Directed Share Issue will provide Serstech with the financial strength required to fully focus on growth, says Mathias Nimlin, who is an investor and also represents Martin Bj\xe4ringer and M\xe5ssk\xe4ret Invest AB (Carl Rosvall).With this capital injection, we will significantly strengthen our sales and marketing efforts. The information contained in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or into the United States, Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Singapore, South Africa, South Korea, Switzerland or any other jurisdiction where such announcement, publication or distribution of this information would be contrary to applicable laws and regulations.This press release is not a prospectus as defined in Regulation (EU) 2017/1129 (the Prospectus Regulation) and has not been approved by any regulatory authority in any jurisdiction. Words such as intends, expects, anticipates, may, plans, believes, estimates and other expressions that are indicative or predictive of future developments or trends, and that are not based on historical facts, constitute forward-looking statements.
Funding
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