On Tuesday 7 May 2024, Napatech A/S announced a private placement of 9 million shares, corresponding to approximately 10% of the company. The transaction was completed as an accelerated bookbuilding and priced at NOK 25 per share, for a total transaction size of NOK 225 million. The Private Placement was significantly oversubscribed and attracted interest from high-quality accounts, as well as receiving strong support from existing shareholders. The net proceeds will be used to finance the growth opportunity arising from announced partnerships (resulting in the increased guidance), including i.a. hiring of more developers and working capital requirements in connection with increased production, as well as for general corporate purposes.
ABG Sundal Collier acted as joint bookrunner in the transaction.
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