Wyld warrants cost to Tern £281k19 Mar 2022 06:34
Wyld update
The subscription price for the warrants of series TO1 in Wyld Networks AB has been determined to SEK 11.25 and the subscription period starts March 22, 2022
In connection with wyld networks ab's (“wyld networks” or the “company”) listing on nasdaq first north growth market in july 2021, the company carried out a new issue of 2,275,000 units. each unit consisted of one (1) share, one (1) warrant of series to1 and one (1) warrant of series to2. the exercise price for the warrants of series to1 is to be determined to 70 percent of the volume-weighted average price in the company’s share on nasdaq first north growth market during the measurement period, which ran from and including march 7, 2022, up to and including march 18, 2022, however not higher than sek 13.75 and not less than the quota value of the company’s shares. during the measurement period, the volume-weighted average price in the company’s share was approximately sek 16.07, therefore, the exercise price for the warrants of series to1 is sek 11.25. the subscription period for warrants of series to1 runs during the period from and including march 22, 2022, up to and including april 4, 2022.
If all the warrants of series TO1 are exercised, the Company will receive approximately SEK 25.6 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than April 4, 2022 or sell the warrants no later than March 31, 2022. Please observe that certain nominees might close their application earlier than April 4, 2022.
Summarized terms for the warrants of series TO1:
Subscription period: March 22, 2022 – April 4, 2022.
Issue size: 2,275,000 warrants of series TO1, which entitles to subscription of 2,275,000 shares. If all warrants are exercised, the Company will receive approximately SEK 25.6 million before issuing costs.
Exercise price: SEK 11.25 per share.
Last day for trading warrants of series TO1: March 31, 2022.
Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 183,826.69, from SEK 689,826.69 to SEK 879,653.38. If all warrants are exercised the number of shares and votes in the Company will increase with 2,275,000 shares, from 8,267,308 shares to 10,542,308 shares. In the event that all warrants of series TO1 are exercised, the dilution amounts to approximately 21.58 percent of the number of shares and votes in the Company.