{"id":8157,"date":"2016-10-11T06:00:02","date_gmt":"2016-10-11T06:00:02","guid":{"rendered":"https:\/\/heliospectra.com\/blog\/mfn_news\/heliospectra-is-planning-to-launch-a-fully-underwritten-rights-issue-of-approximately-sek-91-million-for-further-commercialization-of-the-companys-products-and-continued-product-development\/"},"modified":"2025-04-09T17:39:54","modified_gmt":"2025-04-09T17:39:54","slug":"heliospectra-is-planning-to-launch-a-fully-underwritten-rights-issue-of-approximately-sek-91-million-for-further-commercialization-of-the-companys-products-and-continued-product-development","status":"publish","type":"mfn_news","link":"https:\/\/heliospectra.com\/blog\/mfn_news\/heliospectra-is-planning-to-launch-a-fully-underwritten-rights-issue-of-approximately-sek-91-million-for-further-commercialization-of-the-companys-products-and-continued-product-development\/","title":{"rendered":"Heliospectra is planning to launch a fully underwritten rights issue of approximately SEK 91 million for further commercialization of the Company’s products and continued product development"},"content":{"rendered":"
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Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for controlled environments horticulture announces that the Board of Directors of Heliospectra AB (publ) (“the Company” or “Heliospectra”) proposes to the Extraordinary General Meeting (“EGM”) to resolve on a rights issue of approximately SEK 91 million and an overallotment option of approximately SEK 20 million. In total, the three largest shareholders have committed to subscribe for the equivalent of 50.49 percent of the rights issue. The largest shareholder has entered into an underwriting commitment to ensure the balance; hence the rights issue is 100 percent guaranteed. The proceeds will mainly be used for sales and marketing purposes, further product development as well as to strengthen the balance sheet.<\/p>\n

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