Meltron AB (publ) has secured a major part of the forthcoming new issue through guarantee undertakings and subscription commitmentsMeltron AB (publ) ("Meltron" or the "Company") has entered into agreements regarding guarantee undertakings and subscription commitments of approximately SEK 10.3 million for the forthcoming new issue of shares with preferential rights for existing shareholders (the "Rights Issue") communicated in March 2022. The Rights Issue is planned for an amount of approximately SEK 16.1 million and is expected to be conducted in September 2022. On 31 March 2022, Meltron announced that the Company had entered into a short-term debt financing agreement for, approximately, the next six months and that the Board will, after the summer 2022, execute a share issue in order to secure continued financing until projected positive cash flow in 2023. As a part of this financing, the Company has now received guarantee undertakings of SEK 10 million from a consortium of investors and subscription commitments of more than SEK 300,000 from the Company's Board and management.
The Rights Issue is planned for an amount of approximately SEK 16.1 million to a subscription price of SEK 0.1 per share. Accordingly, the Rights Issue is secured up to approximately 64 per cent of the total amount of the Rights Issue. However, the Company has neither requested nor received bank or other security for these commitments.
Further background and information as well as terms and conditions of the Rights Issue will be communicated in connection with the Board's decision on the Rights Issue, which is planned to September 2022.
G&W Fondkommission is appointed financial advisor for the issue. About Meltron - "More than Just Light"
Meltron AB designs, manufactures and sells LED lighting solutions which are based on interdisciplinary application of electronics, optics, thermodynamics and nano structures. "More Than Just Light" translates into energy savings, superior light quality, product life-time savings, increased productivity, safety and wellbeing. Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture. Read more at www.meltron.com.
Meltrons shares are traded on NGM Nordic MTF under the ticker MLTR.
For more information, please contact:
Göran Lundgren, Chairman of the Board
Ph: +46 70 467 40 40
E-mail: [email protected]
The following documents can be retrieved from beQuoted
2022-06-13 Meltron - PR guarantee unde.pdf Meltron AB (publ)
Malmgårdsvägen 63, SE-116 38 Stockholm, Sweden.
Reg. no: 556988-9834. Website: www.meltron.com
This information is information that Meltron is obliged to make public pursuant to the EU Market Abuse Regulation and the regulatory requirements that govern the trading on NGM Nordic SME. The information was submitted for publication, through the agency of the contact person set out above, on 13 June 2022, at 13:30 CEST.
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