ABG Sundal Collier acted as Sole Global Coordinator in Ovzon’s oversubscribed SEK 250 million rights issue

On Thursday 7 December 2023, Ovzon announced that the new share issue with preferential rights for the company’s existing shareholders of approximately SEK 250 million was oversubscribed, with a subscription ratio amounting to approximately 136 percent. The proceeds will be used for financing Ovzon’s operations during 2024 and 2025 as well as strengthening the working capital. Additionally, the proceeds will be used for the estimated additional costs for the finalization of Ovzon 3, Ovzon’s first own communication satellite, which is only days away from launch.