SMART WIRES TECHNOLOGY LTD ANNOUNCES THE OUTCOME OF THE PRIVATE PLACEMENT
Smart Wires Technology Ltd (“Smart Wires” or the “Company”), a grid technology company that utilizes advanced power electronics hardware and software to enhance and optimize grid capacity to meet the demands and opportunities of the energy transition, hereby announces the outcome of the private placement of 30,400,000 new shares represented by Swedish Depository Receipts (“SDRs“) in the Company directed to Swedish and international qualified investors (the “Private Placement”). The Private Placement was oversubscribed and attracted strong interest from both Swedish and international