Sivers Semiconductors

On 11 March 2024, the Company announced that a loan agreement with Formue Nord and partners had been entered into to extend the previous SEK 75 million facility. The new SEK 50 million loan facility included a SEK 35 million convertible loan at a fixed conversion rate of 4.86 SEK, corresponding to 125 percent of the closing price for the Company’s ordinary shares on Nasdaq Stockholm on 8 March 2024. In May 2024, convertible bonds corresponding to approximately SEK 6 million were converted into 1,234,566 ordinary shares. After completion of the conversion, the convertible loan amounts to approximately SEK 29 million.

For more information, please contact:
Anders Storm, Group CEO of Sivers Semiconductors
Tel: +46 (0)70 262 6390
Email: anders.storm@sivers-semiconductors.com

The information is published in accordance with Chapter 4, section 9 of the Swedish Financial Instruments Trading Act (SFS 1991:980). This information was submitted for publication on 31 May 2024, at 08:00 CEST.

Sivers Semiconductors AB (SIVE.ST) is a leader in SATCOM, 5G, 6G, Photonics, and Silicon Photonics that drives innovation in global communications and sensor technology. Our business units, Photonics and Wireless, supply cutting-edge, integrated chips and modules critical for high-performance gigabit wireless and optical networks. Catering to a broad spectrum of industries from telecommunication to aerospace, we fulfill the increasing demand for computational speed and AI application performance, replacing electric with optical connections for a more sustainable world. Our wireless solutions are forging paths in advanced SATCOM/5G/6G systems, while our photonics expertise is revolutionizing custom semiconductor photonic devices for optical networks and optical sensing, making us a trusted partner to Fortune 100 companies as well as emerging unicorns. With innovation at our core, Sivers Semiconductors is committed to delivering bespoke, high-performance solutions for a better-connected and safer world. Discover our passion for perfection at www.sivers-semiconductors.com.