The subscription period for the rights issue in Heliospectra AB (publ) was completed on November 19, 2020 and the outcome of the rights issue shows that the rights issue was subscribed by approximately 124 percent. The rights issue, which was covered by subscription and guarantee commitments corresponding to 100 percent, was subscribed by approximately 91,6 percent with the support of unit rights and approximately 32,6 percent without the support of unit rights. The issue guarantee has therefore not been used. The rights issue provides the Company with approximately SEK 50,6 million, before issue costs.

Allotment of units subscribed for without unit rights has been granted in accordance with the principles set out in the prospectus drawn up in connection with the rights issue and published on November 3, 2020. Notice of allotment of units subscribed for without unit rights will be sent within short to those who have been allotted units. The units must be paid for in accordance with the settlement note. Investors with custodian accounts will receive notification of allotment in accordance with each account holding banks routines.

After the rights issue, the share capital amounts to SEK 7 724 546,5 divided into a total of 77 245 465 shares.

Trading in paid subscribed units (HELIO BTU) takes place on Nasdaq First North until the Swedish Companies Registration Office (‘Bolagsverket’) has registered the new issue. This registration is expected to take place around week 50, 2020.

“The subscription level over 124% demonstrates high confidence in Heliospectra’s offer which is aligned with significant interest in the horticulture market for our solutions. The capital provided allows Heliospectra to accelerate our growth through product development of our MITRA and helioCORE™ light control platforms and enables our expansion in Europe. I would like to thank our share owners for their steadfast support and interest. It is great to see the continuous support and trust in helispectra,” said Ali Ahmadian, CEO Heliospectra AB.

Financial and legal advisors

Västra Hamnen Corporate Finance AB is a financial advisor and MAQS Advokatbyrå is legal advisor to Heliospectra in connection with the rights issue.