Business
Verve Group Successfully Completes Capital Raise to Broaden Shareholder Base, Finance Growth and Strengthen Balance Sheet
Placement of 12.9 million new common shares through an accelerated bookbuilding Transaction, being multiple times oversubscribed, broadens institutional shareholder base Proceeds from transaction facilitate further growth and strengthen balance ...
About this update from Verve Group Se Class A
[{"type":"table","headerItems":[],"items":[{"val":[{"val":[{"type":"list","items":[{"val":[{"type":"text","content":"Placement of 12.9 million new common shares through an accelerated bookbuilding","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction, being multiple times oversubscribed, broadens institutional shareholder base","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Proceeds from transaction facilitate further growth and strengthen balance sheet","length":80,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":248,"olType":false},{"type":"text","content":"STOCKHOLM - June 18, 2025 (NEWMEDIAWIRE) - Verve Group SE (ISIN: SE0018538068), a fast-growing software platform in the advertising technology industry, successfully completes a capital raise of SEK 360 million, equivalent to approximately EUR 33 million. The transaction comprised of 12.9 million new ordinary shares, representing approximately 6.9 percent of the outstanding shares. The new shares were placed with institutional investors, predominantly in Sweden, Norway, the UK and the USA. The transaction was multiple times oversubscribed.","length":545,"tagName":"p"},{"type":"text","content":"Verve will use the proceeds to further strengthen its balance sheet and to fund organic and inorganic growth initiatives, including scaling sales capacity, new product solutions, further investments in its AI technologies, and expansion into emerging advertising channels such as retail media.","length":293,"tagName":"p"},{"type":"text","content":"Following numerous positive meetings with international asset management institutions, the Company had the opportunity to broaden its investor base with additional high quality institutional investors such as a highly reputable Swedish multi-family office, as well as Cicero Fonder and DNB Asset Management.","length":307,"tagName":"p"},{"type":"text","content":"Over the past five years, Verve Group has achieved significant growth with revenue increasing by an average of 33 percent per year and adjusted EBITDA by an average of 46 percent. Following a strong start into the year 2025, the Company now plans to accelerate investments in its product solutions and organization to continue its path of fast and profitable growth. With the successful refinancing and placement of a EUR 500 million bond in early April 2025, combine...