Luxbright's rights issue subscribed to 100%
Luxbright's rights issue was fully subscribed and the issue guarantees do not need to be used. Luxbright's rights issue was secured to 90 percent through underwriting obligations and guarantee commitments. Through the rights issue, approximately SEK 35.4 million is added to Luxbright before issue costs. In connection with the issue, the company received a new major owner through 99M In west AB.
"I would like to thank all existing shareholders who have participated in the rights issue for your continued support and extend a warm welcome to new shareholders, not least 99M in west AB as a new strategic investor. The issue provides a strong strengthening of the Company's balance sheet while at the same time enabling continued investment and development of the business," comments Mats Alm, CEO of Luxbright.
North Point Securities acted as financial advisor in connection with the rights issue.
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Read more here!