Business
Biovica announces outcome of rights issue
NOT TO BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, ...
About this update from Biovica International Ab Class B
[{"type":"text","content":"NOT TO BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. REFER TO THE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE.","length":381,"tagName":"p"},{"type":"text","content":"UPPSALA, SE / ACCESS Newswire / August 5, 2025 / Biovica International (STO:BIOVIC-B)(STO:BIOVIC.B)(FRA:9II) - The Board of Directors of Biovica International AB (publ) ("Biovica" or the "Company") announced on 11 June 2025, subject to subsequent approval by an extraordinary general meeting, that the Board of Directors had resolved to carry out a new issue of A-shares and B-shares of approximately SEK 80.1 million with preferential rights for the Company's shareholders (the "Rights Issue"). The Rights Issue was approved by an extraordinary general meeting held on 14 July 2025. The subscription period in the Rights Issue ended on 1 August 2025 and the outcome shows that A-shares and B-shares corresponding to approximately SEK 70 million and approximately 87.5 percent of the Rights Issue have been subscribed for with and without subscription rights. Consequently, approximately 12.5 percent of the Rights Issue is allocated to the parties that have entered into guarantee undertakings, whereby the Rights Issue is subscribed to 100 percent. In accordance with the Company's announcement of the Rights Issue on 11 June 2025, and based on the authorization from the extraordinary general meeting held on 14 July 2025, a directed issue of a total of 66,772,196 B-shares in the Company will - based on the outcome of the Rights Issue - will be carried out to the investors who have entered into guarantee undertakings as so-called top-down guarantors (the "Anchor Investors") to ensure their full allocation in the Rights Issue (the "Oversubscription Option"). The directed share issue will raise an additional approximately SEK 42.1 million, which means that the Company will receive issue proceeds amounting to approximately SEK 122.2 million before deduction of costs attributable to the Share Issue.","length":1867,"tagName":"p"},{"type":"text","content":"Outcome o...