ABGSC acted as sole bookrunner in connection with Swedish Stirling’s SEK 100m issue of a convertible loan and a SEK 47m directed share issue

On Saturday 7 March, Swedish Stirling announced the successful completion of a directed issue of c. 6.7 million shares, raising gross proceeds of c. SEK 47m, and the issuance of a SEK 100m convertible loan, which is subject to approval by an extra general meeting. The share issue was directed to selected Swedish and international institutional investors, and the convertible loan will be issued to an investment company controlled by Daniel Ek, the founder and CEO of Spotify, and the private investor David Zaudy.