Starbreeze resolves on rights issue of SEK 450 million to accelerate growth initiatives and strengthen its balance sheet, and announces preliminary financial information for the first quarter 2023
The Board of Directors of Starbreeze AB (publ) (“Starbreeze” or the “Company”) has resolved on a rights issue of class A and class B shares of approximately SEK 450 million before transaction costs (the “Rights Issue”). The net proceeds from the Rights Issue are intended be used to accelerate investments in game development and third-party publishing to achieve further growth and a diversified games portfolio as well as to strengthen the Company's balance sheet through a SEK 150 million debt repayment. The Rights Issue is supported by the Company's larger shareholders and is covered by