The rights issue of units amounting to EUR 1.774 million which was made public on June 27, 2021 (the "Rights Issue") in Cyber Security 1 AB (publ) ("Cyber 1" or the "Company") has been heavily oversubscribed. The subscription period ended on July 19, 2021. The Rights Issue was subscribed with 259 percent, of which approximately 94 percent was subscribed with unit rights and approximately 165 percent was subscribed without unit rights. Hence, the underwriting commitments will not be used. Through the Rights Issue, the Company obtains approximately EUR 1.774 million before issue costs.
The allotment of units subscribed for without unit rights has been made in accordance with the terms of the Rights Issue, which are stated in the investment memorandum. Notification of such allocation will be communicated separately by registered settlement note. Nominee registered shareholders will receive a notice of allocation in accordance with instructions from the respective trustees.
Through the Rights Issue, the number of shares in Cyber 1 will increase by 174,445,113 shares, from 348,890,226 shares to 523,335,339 shares, and the share capital will increase by EUR 45,704.619606, from EUR 91,308.621395 to EUR 137,013.24100. The Rights Issue results in a dilution of approximately 33.3 percent for the shareholders who have not participated in the Right Issue.
The warrants of series 2021 that have been issued through the Rights Issue entitles the holder to subscribe for one (1) new share in the Company for each one (1) warrant held, during the period from and including 25 July 2022 to and including 8 August 2022 against cash payment of EUR 0.01 per share. In the event the warrants are fully exercised, the Company receives additional issue proceeds of approximately EUR 1.774 million before issue costs
The warrants are intended to be admitted for trading on Nasdaq First North after the Rights Issue has been registered with the Swedish Companies Registration Office.
Financial and legal advisors
Mangold Fondkommission AB is financial advisor and Antwoord Consulting AB is
legal advisor to Cyber 1 in connection with the Rights Issue.