Nov
27
2023

Last day of trading in unit rights in AcouSort

THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, UNITED KINGDOM, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION WHERE SUCH ACTION IS WHOLLY OR PARTIALLY SUBJECT TO LEGAL RESTRICTIONS. SEE ALSO THE “IMPORTANT INFORMATION” SECTION BELOW.

Today, 27 November 2023, is the last day of trading in the unit rights issued in conjunction with AcouSort AB (publ)’s (“AcouSort” or the “Company”) rights issue of units, consisting of shares and warrants, with pre-emption rights for existing shareholders which was resolved by the Board of Directors on 7 November 2023 with the support of the authorization granted by the Annual General Meeting held on 25 April 2023 (the “Rights Issue”). Unit rights that are not sold by today, 27 November 2023, or exercised for subscription of units no later than 30 November 2023, will expire worthless.

The Rights Issue in summary:

  • Subscription period: 16 November – 30 November 2023.
  • Trading in unit rights: 16 November – 27 November 2023.
  • Announcement of outcome: Around 4 December 2023.
  • Pre-emption right: Existing shareholders in AcouSort as of the record date, which was 14 November 2023, were allotted one (1) unit right for each existing share. Twenty-four (24) unit rights entitle the holder to subscribe for one (1) unit in the Rights Issue. One (1) unit consists of three (3) shares and one (1) free of charge warrant of series TO 2 (the “Warrants”).
  • Volume: In total, a maximum of 551,998 units will be issued, which means that a maximum of 1,655,994 new shares and 551,998 Warrants will be issued.
  • Subscription price: SEK 45 per unit, corresponding to SEK 15 per share. The Warrants are issued free of charge.
  • Issue proceeds: The Rights Issue will initially provide AcouSort with a maximum of approximately MSEK 24.8 before issuing costs. Upon full subscription and full exercise of all Warrants issued through the Rights Issue, the Company may additionally receive at most MSEK 11.6 before issuing costs.

For complete terms and instructions for the Rights Issue, please refer to the information memorandum published by the Company on 14 November 2023 and which is available on the Company’s website (www.acousort.com).

Advisors

Erik Penser Bank AB is the financial advisor and issuing agent and Fredersen Advokatbyrå AB is legal advisor to AcouSort in connection with the Rights Issue.

Read the full press release here.

Läs pressmeddelander på svenska här.