Brain+ announces the outcome of its series TO 2 warrant exercise and decision to carry out a directed share issue to cover guarantor commitments
COMPANY ANNOUNCEMENT · Brain+ announces that 74.3% of its warrants of series TO2 have been subscribed for, securing the company approximately DKK 4.2 million in gross proceeds · The exercise rate amounted to 67.4% of the total outstanding number of warrants with 19,228,798 warrants of series TO 2 exercised to subscribe for 19,228,798 new shares in the company · Guarantor commitments covered an additional 6.9% of the offering · To cover the guarantor commitments, the board of directors today decided to carry out a directed issue of 1,970,766 new shares on the same terms as for