ABG Sundal Collier acted as Sole bookrunner in the SEK 80m directed share issue in Urb-it AB

The board of directors of Urb-it AB has, pursuant to the authorisation granted by the annual general meeting held on 16 April 2021, resolved on a directed issue of 18,650,000 shares at a price of SEK 4.30 per share. The Company raises approximately SEK 80 million before transaction related costs through the Share Issue.
The rationale for carrying out the Share Issue and the reasons for the deviation from the shareholders’ preferential rights is that Urb-it has identified an opportunity to raise capital in a time- and cost-efficient manner, while at the same time diversifying and further strengthening the shareholder base. The proceeds from the Share Issue are primarily intended to be used for used for establishing new hyper-local hubs and scaling Urb-it’s e-cargo bike fleet in existing and new cities and invest in marketing to further support the Company’s growth.