ABG Sundal Collier acted as Joint Bookrunner in the SEK 150 million directed share issue in Sivers Semiconductors

On Tuesday 4 April 2023, Sivers Semiconductors announced the successful completion of a directed issue of c. 20.7 million ordinary shares at a price of SEK 7.25 per share, raising gross proceeds of c. SEK 150 million. The transaction was met with strong demand and was consequently increased from c. SEK 125 million to c. SEK 150 million. A number of Swedish and international institutional investors, including a number of existing shareholders, participated in the directed issue, including, inter alia, the Second Swedish National Pension Fund (AP2), Cicero Fonder, the Fourth Swedish National Pension Fund (AP4), Rothesay Limited and Serpentine Ventures AG.
The issue proceeds are intended to be used for working capital and investments to promote continued organic growth within both business units; specifically, within SATCOM and 5G, which includes, inter alia, delivering on the contracts that were entered into in December 2022 and March 2023 with two European satellite communications companies totaling c. SEK 190 million, as well as increased production capacity within Photonics. ABG Sundal Collier acted as Joint Bookrunner in the transaction.