Acarix decides on a fully guaranteed rights issue of approximately SEK 79,3 million to expand on the US market
Summary of the Rights Issue
- Issue Volume: The Rights Issue comprises a maximum of 105 784 077 shares. If the Rights Issue is fully subscribed, Acarix will receive proceeds of approximately SEK 79,3 million before deduction of costs related to the Rights Issue.
- Subscription price: SEK 0.75 per share. No brokerage fee will be paid.
- Record date: The record date to determine which shareholders that have the right to receive subscription rights is 30 November 2021. The last day of trading in the Company’s share with the right to participate in the Rights Issue is 26 November 2021. The first date of trading in the Company’s share excluding the right to participate in the Rights Issue is 29 November 2021.
- Subscription rights: Existing shareholders will receive three (3) subscription rights for each share held on the record date. Four (4) subscription rights entitles the holder to subscribe for one (1) new share in the Company.
- Trading in subscription rights: December 2021 – 10 December 2021.
- Subscription period: 1 December 2021 – 15 December 2021. The Board of Directors retains the right to extend the subscription period and the payment period.
- Guarantee undertakings: Acarix has received guarantee undertakings consisting of top- and bottom guarantees of approximately SEK 79,3 million, which corresponds to the full Rights Issue. The guarantee consists of a so-called bottom guarantee amounting to approximately SEK 67,4 million, which amounts up to approximately SEK 64,7 million in the Rights Issue, and a so-called top guarantee amounting to approximately SEK 11,9 million, which covers the amount from approximately SEK 67,4 million to SEK 79,3 million in the Rights Issue.
- Use of proceeds: The Company intends to use the net proceeds from the Rights Issue primarily for the commercialization process of the CADScor®System as well as expansion on the U.S. market.