On Friday 12 May, OssDsign announced that the new share issue with preferential rights for the company’s existing shareholders of approximately SEK 240 million was oversubscribed, with a subscription ratio amounting to approximately 185 percent. Due to strong demand, the board of directors in the company resolved to carry out a directed issue to strategic and institutional investors with deviation from the shareholders’ preferential rights of approximately SEK 30 million (the over-allotment option). Through the rights issue and the over-allotment option, OssDsign will receive proceeds amounting to approximately SEK 270 million before transaction costs. OssDsign intends to use the proceeds from the rights issue to execute on its new strategy, ASCENT25.
