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Rights issue 2020
Summary of the rights issue
For each existing share held on the record date 29 May 2020, the holder receives one (1) unit right. Twenty-one (21) unit rights entitle the holder to subscribe for five (5) units and each unit consists of three (3) shares and one (1) warrant of series 2020/2021 TO4.
- The subscription period runs from 2 June 2020 until 16 June 2020.
- The subscription price per unit is SEK 16.50, which corresponds to SEK 5.50 per share.
- Warrants of series 2020/2021 TO4 are issued free of charge.
- Each warrant of series 2020/2021 TO4 entitles the holder to subscribe for one (1) new share in the Company during the period 15 February 2021 up to and including 14 March 2021 at a subscription price of SEK 8.25.
- The Company will initially receive a maximum of approximately SEK 48.5 million before issue costs upon full subscription in the Rights Issue and an additional maximum of SEK 24.3 million before issue costs if all warrants issued in the Rights Issue are fully utilised.
- The Company intends to apply for admission to trading of the warrants series 2020/2021 TO4 on Nasdaq First North Premier Growth Market.
- The prospectus for the Rights Issue is expected to be published by the Company on or around 29 May 2020.
- The Company has received subscription commitments of approximately SEK 2.5 million (corresponding to approximately 5.2 per cent of the Rights Issue). The Company has also received underwriting commitments from an underwriting consortium, consisting of qualified investors, of approximately SEK 36.3 million (corresponding to approximately 74.8 per cent of the Rights Issue). The Rights Issue is thus guaranteed up to approximately 80 per cent of the initial issue volume.
Preliminary timetable for the Rights Issue
Preliminary timetable for the Rights Issue
27 May 2020 | Last day of trading in the Company's shares including the right to receive unit rights |
28 May 2020 | First day of trading in the Company's shares excluding the right to receive unit rights |
29 May 2020 | Record date for the allocation of unit rights |
29 May 2020 | Estimated date of publication of the prospectus |
2 June-12 June 2020 | Trading in unit rights on Nasdaq First North Premier Growth Market |
2 June-16 June 2020 | Subscription period |
around 22 June 2020 | Announcement of the outcome of the Rights Issue |
Documents for download
Press release - Sprint Bioscience AB (publ) announces an 80 per cent guaranteed rights issue of units of approximately SEK 48.5 million
Certificate of registration, which is the updated deed of foundation
Appendix 4A - complete terms and conditions for warrants series of series 2020_2021 TO4
Sprint Bioscience AB (publ), corporate identity number 556789-7557
Sprint Bioscience AB (publ) registration form
Press release - Sprint Bioscience AB (publ) publishes prospectus
Sprint Bioscience AB (publ) folder 2020
Press release - Sprint Bioscience rights issue oversubscribed