Veoneer Announces Closing of its Capital Raise
Stockholm, Sweden, May 29, 2019: Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), a pure-play company focused on Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD), today announced that the Capital Raise initiated on May 20 closed on May 28. The total proceeds from the capital raise amounts to $627 million, prior to deducting underwriting discounts and offering expenses.As previously announced the raise includes two parts, common stock and convertible senior notes. Division of the proceeds: · $420 million from the underwritten public offering of 24 million shares of