Flat Capital carries out rights issue of SEK 300 million, secured to 76 %, is backed by some of Sweden’s most prominent investors

About this update from Flat Capital Ab Class B

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. FURTHER RESTRICTIONS APPLY. SEE THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.The board of directors of Flat Capital AB (publ) (“Flat” or the “Company’” has today resolved on a new share issue with preferential rights for existing holders of B shares of up to approximately SEK 300 million at a subscription price of SEK 16 per B share (the “Rights Issue”). Subscription undertakings of SEK 228 million, corresponding to 76% of the Rights Issue, have been secured from existing shareholders and prominent new investors. Flat, which since 2021 has built a unique portfolio of world leading AI and tech companies, has so far delivered an impressive annual return of approximately 17%, and over 85% on investments made from 2023, including investments such as OpenAI, xAI, Perplexity, SpaceX, and ElevenLabs. The positive development in the portfolio, in combination with a strong pipeline of investment opportunities, is the basis for the board of director’s decision to further strengthen Flat’s position through the Rights Issue. If the Rights Issue is oversubscribed, the Board of Directors may decide to increase the issue amount through an overallotment issue of up to SEK 130 million (the “Overallotment Issue”).Sebastian Siemiatkowski, chairman, comments:“Since the start, we have proven that our investing model works. Through experience, our broad network and analysis, we identified investment opportunities in companies like OpenAI and Perplexity at an early stage. Now our pipeline is more exciting than ever. It's the perfect time to step up and take Flat to the next level.”CEO Hanna Andreen adds:“We are (humbly) proud of the strong support we have received from some of Sweden's most prominent entrepreneurs and investors. With this share issue, we strengthen our financial capacity to be able to take larger positions and further accelerate our positive momentum. We have also opened up to the possibility of expanding from being passive to active investors and broadening ...

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