Brain+ announces the outcome of its series TO 3 warrant exercise and decision to carry out a directed share issue to cover guarantor commitments
Copenhagen, Denmark, March 26, 2024– Brain+ A/S (Nasdaq First North: BRAINP) · 91% of the warrants of series TO 3 have been subscribed for, securing Brain+ approximately DKK 2.9 million in gross proceeds · 18,198,975 warrants of series TO 3, or 64% of the total outstanding, were exercised to subscribe for 18,198,975 new shares in the company · Guarantor commitments from shareholders covered an additional 27% of the offering · To cover the guarantor commitments, the board of directors of Brain+ today decided to carry out a directed issue of 7,787,874 new shares on the same terms