The Board of Directors of Zordix AB (publ) (“Zordix” or “the Company”) today announces the outcome of the new share issue with preferential rights for existing shareholders of a maximum of 3,791,408 Series B shares, which the Board of Directors decided on 3rd August 2020 (the “Rights Issue”). The final outcome of the Rights Issue, for which the subscription period ended on October 13th, 2020, shows that 3,744,403 Series B shares were subscribed for with the support of subscription rights, corresponding to approximately 99 percent of the Rights Issue and that 8,525,044 Series B shares were subscribed for without subscription rights, corresponding to approximately 225 percent of the Rights Issue. The rights issue is thus oversubscribed by approximately 224 percent and the guarantee commitments thus made do not need to be used. Through the Rights Issue, the Company will receive approximately SEK 45.5 million before issue costs.
CEO Matti Larsson comments on the outcome
“There has been great interest in our new share issue and it is great to see that so many existing owners have subscribed, and that we have also succeeded in securing new long-term owners. We are now confidently looking forward to the next step in our development. ”
Please note that this is an excerpt. The article can be read in its entirety (in Swedish only) at zordix.com