SMART WIRES TECHNOLOGY LTD. ANNOUNCES A FINANCING OF USD $5 MILLION AND ITS INTENTION TO APPLY FOR DELISTING OF ITS SDRS FROM NASDAQ FIRST NORTH GROWTH MARKET
North Carolina /PRNewswire/ November 16, 2022 – Smart Wires Technology Ltd (the “Company”) today announced that it has closed on USD $5 million in funding under a facility that allows for up to USD $20 million of aggregate investment, and plans to apply for delisting of the Company’s Swedish Depositary Receipts (SDRs), currently traded on Nasdaq First North Growth Market. The Company expects to formally apply for delisting of the SDRs from Nasdaq First North Growth Market not earlier than three months from today.The Company has entered into a Preferred Shares Subscription Agreement with two