Business
iZafe Group Resolves on a Directed Share Issue of Approximately SEK 10 million
STOCKHOLM, SE / ACCESS Newswire / June 27, 2025 / iZafe Group (STO:IZAFE-B.ST) ("iZafe" or the "Company") announces today that the Board of Directors has resolved, based on the authorization granted by the Annual General Meeting on May 28, 2025, on ...
About this update from Izafe Group Ab
[{"type":"text","content":"STOCKHOLM, SE / ACCESS Newswire / June 27, 2025 / iZafe Group (STO:IZAFE-B.ST) ("iZafe" or the "Company") announces today that the Board of Directors has resolved, based on the authorization granted by the Annual General Meeting on May 28, 2025, on a directed share issue of 43,478,261 Class B shares at a subscription price of SEK 0.23 per share, with deviation from the shareholders' preferential rights (the "Directed Share Issue"), to external investors as well as a number of existing shareholders. The subscription price corresponds to a discount of approximately 11.5 percent compared to the closing price on Nasdaq First North Growth Market on June 26, 2025. Through the Directed Share Issue, iZafe will receive gross proceeds of approximately SEK 10 million before issue-related costs.","length":828,"tagName":"p"},{"type":"text","content":""Over the past six months, we have taken important steps that strengthen our market position - with clear growth in both Sweden and the Netherlands as well as strong demand from additional markets. At the same time, we are seeing a multiplied revenue and a steady increase in active units. By now raising new capital from both long-term shareholders and new investors, we ensure that we can continue to develop the business at a high pace and deliver according to the plan we have clearly communicated. This share issue is a sign of strength and a result of the trust that has been built - not only in our product portfolio, but also in the team, our strategy, and the market potential ahead. We are convinced that this step benefits all shareholders and lays the foundation for continued growth and value creation," comments Anders Segerström, CEO of iZafe Group AB.","length":877,"tagName":"p"},{"type":"text","content":"The Directed Share Issue","length":24,"tagName":"p"},{"type":"text","content":"The Directed Share Issue comprises 43,478,261 Class B shares and has been resolved by the Board of Directors based on the authorization granted by the Annual General Meeting held on May 28, 2025. The right to subscribe for shares in the Directed Share Issue is granted to external investors and a number of existing shareholders. The subscription price is SEK 0.23 per share, representing a discount of approximately 11.5 percent compared to the closing price on Nasdaq Firs...