Alligator Bioscience
Alligator publishes outcome in rights issue
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Alligator Bioscience AB (“Alligator” or the “Company”) announces that the Company’s rights issue of units (the “Rights Issue”), in which the subscription period ended on 5 April 2024, has been completed. The final count in the Rights Issue shows that 99,462,213 units, corresponding to approximately 70.5 per cent of the Rights Issue, have been subscribed for by the exercise of unit rights (including subscription undertakings). Furthermore, 622,733 units were subscribed for without the exercise of unit rights, corresponding to approximately 0.4 per cent of the Rights Issue, whereby the Rights Issue is subscribed to a total of approximately 71.0 per cent. Through the Rights Issue, Alligator receives approximately SEK 107.1 million before deduction of issue costs (of which approximately SEK 59.5 million relates to set-off against outstanding bridge loans).
Outcome
The Rights Issue comprised a maximum of 140,990,205 units. Each unit consists of one (1) ordinary share and one (1) warrant series TO 9. One (1) warrant series TO 9 entitles the holder to subscribe for one (1) new ordinary share in the Company at an exercise price corresponding to 90 percent of the volume-weighted average price of the Company’s share on Nasdaq Stockholm during the period 4 – 29 November 2024, however not less than the quota value of the share. The exercise period will run between 4 – 18 December 2024.
The final count in the Rights Issue shows that 99,462,213 units, corresponding to approximately 70.5 per cent of the Rights issue, have been subscribed for by the exercise of unit rights and that 622,733 units, corresponding to approximately 0.4 per cent of the Rights Issue, have been subscribed for without the exercise of unit rights. Thus, 100,084,946 units, corresponding to approximately 71.0 per cent of the Rights Issue, have been subscribed for with and without the exercise of unit rights, whereby Alligator is provided with approximately SEK 107.1 million before issue costs (of which approximately SEK 59.5 million relates to set-off against outstanding bridge loans).
Notification regarding allocation
Allocation of units has been made in accordance with the allocation principles described in the prospectus that was published in connection with the Rights Issue (the “Prospectus”). A notification regarding allocation of units subscribed for without the exercise of unit rights will be made by post of a settlement note to each subscriber. Allocated units subscribed for without the exercise of unit rights shall be paid for in accordance with the instructions in the settlement note.
Trading in BTU
Trading in BTU (Sw. betald tecknad unit) is currently taking place at Nasdaq Stockholm and will cease on 25 April 2024. BTUs will then be converted to ordinary shares and warrants series TO 9.
Number of shares and share capital as well as dilution
The Extraordinary General Meeting on 14 March 2024 resolved to reduce the share capital with the aggregate SEK 41,642,741.648 to cover loss, whereby the share capital was reduced from SEK 42,169,864.96 to SEK 527,123.312. This reduction meant that the quota value per share was reduced from SEK 0.064 to SEK 0.0008. As a result of the Rights Issue, the share capital will increase by SEK 80,067.9568 to SEK 607,191.2688 through the issuance of 100,084,946 new ordinary shares, resulting in that the total number of shares outstanding in the Company will increase from 658,904,140 to 758,989,086, whereof 758,039,236 are ordinary shares and 949,850 are series C shares. The Rights Issue results in a dilution of the ordinary shares of approximately 13.2 per cent and following the Rights Issue, the total number of votes in the Company amounts to 758,134,221.
Upon full exercise of all the 100,084,946 warrants TO 9 issued in the Rights Issue, the share capital will increase additionally by a maximum of SEK 80,067.9568 to SEK 687,259.2256 through the issuance of a maximum of 100,084,946 new ordinary shares, resulting in that the total number of shares in the Company will increase further from 758,989,086 to 859,074,032, whereof 858,124,182 are ordinary shares and 949,850 series C shares. Upon full exercise of all warrants TO 9, the additional dilution of the ordinary shares amounts to approximately 11.7 per cent. The total number of votes in the Company will, following full exercise of all warrants TO 9, amount to 858,219,167.
Advisers
Vator Securities AB acts as Sole Global Coordinator and bookrunner in connection with the Rights Issue and Van Lanschot Kempen N.V. acts as financial adviser to Alligator in connection with the Rights Issue. Setterwalls Advokatbyrå AB is legal adviser to Alligator in connection with the Rights Issue. Vator Securities AB acts as the issuing agent in connection with the Rights Issue.
Datum | 2024-04-09, kl 16:00 |
Källa | MFN |
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