Warrants of series TO5 B were subscribed to approximately 70.2 percent and Terranet receives approximately SEK 3.8 million
March 27 2023 - 6:46AM
Warrants of series TO5 B were subscribed to approximately 70.2
percent and Terranet receives approximately SEK 3.8 million
Terranet AB ("Terranet" or the "Company") today
announces the outcome of the exercise of warrants of series TO5 B.
In total, 8,655,357 warrants of series TO5 B were exercised,
corresponding to approximately 70.2 percent of the total number of
outstanding warrants of series TO5 B, for subscription of 8,655,357
B-shares at a subscription price of SEK 0.44 per share. Terranet
will receive approximately SEK 3.8 million before issuing costs
through the exercise of the warrants of series TO5 B.
BackgroundThe exercise period for exercise of
the warrants of series TO5 B took place from March 13, 2023, up to
and including March 24, 2023. The subscription price per B-share
for exercising the warrants of series TO5 B was set to SEK
0.44.
In total, 8,655,357 warrants of series TO5 B were exercised for
subscription of 8,655,357 B-shares, meaning that approximately 70.2
percent of all outstanding warrants of series TO5 B were
exercised.
Exercised warrants have been replaced with interim shares (IA),
pending registration with the Swedish Companies Registration
Office. The interim shares are expected to be converted to B-shares
within approximately two (2) weeks.
Share capital and
dilutionThrough the exercise of the warrants of
series TO5 B, the number of shares in Terranet increases by
8,655,357 B-shares, from 326,289,403 shares (consisting of
1,084,463 A-shares and 325,204,940 B-shares) to a total of
334,944,760 shares. The share capital will increase by SEK
86,553.57 from SEK 3,262,894.03 to SEK 3,349,447.60.
For existing shareholders who did not exercise any warrants of
series TO5 B, the dilution amounts to approximately 2.58 percent of
the number of shares and approximately 2.58 percent of the number
of votes in the Company.
AdvisersMangold Fondkommission AB is the
financial advisor and Eversheds Eversheds Sutherland Advokatbyrå AB
is the legal advisor to the Company in connection with the exercise
of the warrants of series TO5 B.
For questions regarding the warrants, please
contact:Mangold Fondkommission ABE-mail:
emissioner@mangold.se
For more information, please
contactThomas Falkenberg, CFOE-mail:
Thomas.falkenberg@terranet.se
This information is information that Terranet AB is obliged to
make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the above
contact person's agency, at 12:45 CET on 27, March 2023.
About Terranet AB (publ) Terranet is on a
mission to save lives in urban traffic.
We develop breakthrough tech solutions for Advanced Driver
Assistance Systems (ADAS) and Autonomous Vehicles (AV) that protect
vulnerable road users.
With a unique patented vision technology, Terranet’s
anti-collision system BlincVision laser scans and detects road
objects up to ten times faster and with higher accuracy than any
other ADAS technology available today.
Terranet is based in Lund, Sweden, and in the heart of the
European automotive industry in Stuttgart, Germany. The company is
listed on Nasdaq First North Premier Growth Market since
2017(Nasdaq: TERRNT-B).
Follow our journey at www.terranet.se
Certified Adviser to Terranet is Mangold Fondkommission AB,
ca@mangold.se.
- Terranet_PM_Announcing the outcome TO5 B_EN
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