Eternali Announces Preliminary Outcome of Rights Issue

Eternali has completed the rights issue, which was subscribed to 67.3 percent. Subscription was made through cash payments of approximately MSEK 7 and through set-off of existing debt for the remaining portion.

In total, 12,648,067 shares were subscribed at a subscription price of SEK 1 per share. The issue thereby provides the Company with approximately MSEK 6.95 before issue costs. At the same time, the Company’s liabilities are reduced by approximately MSEK 5.7. Contract notes have been distributed and final payments are pending prior to registration of the issue.

The Board of Directors had set a target for the cash portion of the issue to amount to at least MSEK 10. The outcome indicates that this target was not fully achieved. The Company intends to continue the implementation of its existing plan, including the establishment of a third facility. Further information regarding timelines and any potential additional financing will be provided at a later stage.

Registration of the issue with the Swedish Companies Registration Office (Bolagsverket) will be carried out as soon as possible, following which the shares will be delivered to investors’ accounts. Following registration, preliminary, the number of shares will increase by 12,648,067 to a total of 28,749,401 shares, and the share capital will increase by SEK 632,403.35 to SEK 1,437,470.05.