XMReality
XMReality announces the outcome in the rights issue
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XMReality AB (publ) ("XMReality" or the "Company") today announces the outcome in the rights issue of shares which was announced on June 28, 2024 (the “Rights Issue”). 379,499,808 shares, corresponding to approximately 51.6 percent of the Rights Issue, were subscribed for with and without the exercise of subscription rights. 134,941,054 shares, corresponding to approximately 18.4 percent of the Rights Issue, are subscribed for by underwriters. Through the Rights Issue the Company receives approximately SEK 25.7 million before issuing costs.
”It is very gratifying to have secured the capital that XMReality needs to continue its journey towards becoming cash flow positive. We thank all existing and new shareholders who supported us.”, says Andreas Jonsson, CEO XMReality.
The subscription period of the Rights Issue ended on August 20, 2024, and the outcome shows that 239,127,707 shares, corresponding to approximately SEK 12.0 million or approximately 32.5 percent of the Rights Issue, were subscribed for through the exercise of subscription rights. An additional 140,372,101 shares were subscribed for without the exercise of subscription rights, corresponding to approximately SEK 7.0 million or approximately 19.1 percent of the Rights Issue. In total, shares were subscribed for with and without the exercise of subscription rights corresponding to approximately SEK 19.0 million or approximately 51.6 percent of the Rights Issue. The Rights Issue was covered by subscription commitments and underwritings undertakings corresponding to approximately 70 percent. Thus, 134,941,054 shares, corresponding to approximately SEK 6.7 million and approximately 18.4 percent of the Rights Issue, are subscribed for by underwriters. Through the Rights Issue the Company receives approximately SEK 25.7 million before issuing costs.
Shares subscribed for without the exercise of subscription rights will be allocated according to the principles set out in the Prospectus published by the Company on August 2, 2024. Notification of allocation of shares subscribed for without the support of subscription rights will be sent shortly to those who have been allocated shares through a settlement note. Shareholders registered with a nominee will be notified of their allocation in accordance with the nominee’s procedures. Alloted shares must be paid in accordance with the instructions on the settlement note.
Share capital and number of shares
Through the Rights Issue, the share capital in the Company increases by SEK 5,144,408.62, from SEK 1,049,879.31 to SEK6,194,287.93, through the issuance of 514,440,862 shares. The number of shares thus increases from 104,987,931 to 619,428,793 shares. The dilution amounts to 83.1 percent.
Trading in BTA
Trading in paid subscribed shares (“BTA”) will be conducted on Nasdaq First North Growth Market until the Rights Issue has been registered with the Swedish Companies Registration Office, which is expected to take place around August 29, 2024.
Compensation for underwriting undertakings
Approximately 30 percent of the Rights Issue was covered by underwriting undertakings. Guarantee compensation is paid with 13 percent of the guaranteed amounts in cash or 16 percent in shares.
Compensation to underwriters who choose to receive underwriting compensation in the form of shares in the Company, will be paid in the form of a directed set-off issue. The subscription price for shares issued as underwriting compensation is set at SEK 0.05 per share, which corresponds to the subscription price in the completed Rights Issue.
A possible resolution on a directed set-off issue to the underwriters will be announced through a separate press release.
Advisors
XMReality Group has engaged Penser by Carnegie, Carnegie Investment Bank AB (publ), and Ramberg Advokater KB as financial and legal advisors in connection with the Rights Issue.
Datum | 2024-08-21, kl 19:50 |
Källa | MFN |