The subscription price for exercise of warrants of series TO7 in Terranet AB has been set to SEK 0.073 per share of series B. The exercise period begins on Monday, May 20, 2024.
May 17 2024 - 2:00AM
UK Regulatory
The subscription price for exercise of warrants of series TO7 in
Terranet AB has been set to SEK 0.073 per share of series B. The
exercise period begins on Monday, May 20, 2024.
Terranet AB (publ) (” Terranet” or the” Company”) issued
182 664 660 warrants of series TO7 in connection with the
Company’s rights issue in the second quarter of 2023. Each warrant
gives the right to subscribe for one (1) new share of series B in
the Company. The subscription price for the warrants of series TO7
shall correspond to 70 percent of the volume weighted average price
of the Company´s share on Nasdaq First North Premier Growth Market
during the measurement period from and including the May 2, 2024,
up until and including the May 16, 2024. However, not lower than
the nominal value of the Company's share, and not higher than SEK
0.27 per share. The volume-weighted average price of the Company's
share of series B during the measurement period amounted to
approximately SEK 0.104. Thus, the subscription price has been
determined to SEK 0.073. The invested amount must be rounded up to
two decimals. The exercise period for warrants of series TO7 runs
from May 20, 2024, up until and including June 3, 2024.
Complete terms and conditions for the warrants of series TO7 are
available on the Company's website www.terranet.se.
Advisers
Mangold Fondkommission AB is the financial advisor and the issuing
institution to Terranet AB in connection with the exercise of
series TO7 subscription warrants. Eversheds Sutherland Advokatbyrå
AB is the legal advisor to the Company in connection with the
exercise of series TO7 subscription warrants.
For more information, please contact:
Magnus Andersson, CEO
Tel: +46 7 0777 8538
or
Dan Wahrenberg, CFO
Tel: +46 7 0337 0346
E-mail: dan.wahrenberg@terranet.se
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).
For more information, please visit Terranet´s
website www.terranet.se.
Certified Adviser to Terranet is Mangold Fondkommission AB,
ca@mangold.se.
- Fastställande av villkor TO7 - Terranet AB ENG
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