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The Solna district court approves Brighter’s bankruptcy application

Brighter AB (publ.) (“Brighter” or “the Company) announces today that the Stockholm district court has decided to approve the previously communicated bankruptcy application and place the Company into bankruptcy. The appointed bankruptcy trustee is lawyer Mikael Kubu at Ackordscentralen AB. For more information, please contact:Investor RelationsIR@brighter.se Certified AdviserBrighter’s Certified Adviser is Mangold Fondkommission AB, About BrighterBrighter is a health-tech company from Sweden with a vision of a world where managing chronic diseases is no longer a struggle.

Brighter files for bankruptcy

Brighter AB (Publ.) (“The Company”) In light of the district court's decision on November 21, 2022 that the corporate restructuring must cease, the board of Brighter AB has decided that the company will file for bankruptcy. The application has been sent to Solna District Court. During the past 1.5 years, the new board and management have worked intensively to activate a long-term business strategy to create profitable growth, but the work has been characterized by challenging pandemic effects in combination with the changed macroeconomic situation. Brighter was granted corporate

Brighter postpones publication of Q3 report

Brighter AB (Publ.) (“Brighter” or the “Company”) announces today that publication of the quarterly report for Q3 2022 has been postponed from November 23 to November 29. The reason is that Brighter's board needs more time to evaluate the situation after the district court's decision that the company's corporate restructuring must end. With the district court's decision, Brighter's board needs more time to evaluate the situation, continue working on ongoing discussions and thus be able to communicate a clearer picture to the market in the report. For more information, please contact:

Decision from Nasdaq Stockholm's disciplinary board imposes a fine on Brighter of 8 annual fees corresponding to approx. 1,5 MSEK

Brighter AB (publ.) (“Brighter” or “the company”) announced today that Nasdaq Stockholm's disciplinary committee has decided to impose a fine on Brighter as a result of the company's handling of information on different occasions since 2020.The stock exchange has claimed that Brighter violated the Regulations by not publishing insider information in the correct way and by holding the general meeting too late.For more information, please contact:Investor RelationsIR@brighter.seCertified AdviserBrighter’s Certified Adviser is Mangold Fondkommission AB,  www.mangold.se  About

The district court decides that Brighter's corporate restructuring must end

Since November 2, 2022, Brighter AB (Publ.) (“the Company”) has been in corporate restructuring with the aim of giving the Company time to negotiate a long-term financial solution and implement operational and organizational changes for profitable growth. The district court has today decided that the reconstruction must cease immediately and the board of Brighter AB will now evaluate the situation. Overall, the district court assesses that Brighter AB - in light of discussions and presentations in connection with the creditors' meeting - has not shown that there is a well-founded reason

Brighter will enter into corporate restructuring

Brighter AB (Publ) ("Brighter" or “the Company) announces today that its application to put the Company into corporate restructuring (Sw. företagsrekonstruktion) was approved by the Solna district court. The Solna district court accepted Brighter’s proposal to have lawyer Lars-Henrik Andersson at Cirio Advokatbyrå AB appointed as restructuring trustee/administrator (Sw. rekonstruktör). Lars-Henrik Andersson has great experience with formal and informal corporate restructuring and other related advisory work and has extensive experience in restructuring large-scale operations. The

Brighter is applying for corporate restructuring in a bid for longer-term financing

Brighter AB (Publ) (“Brighter” or "the Company”) announces that the Board has resolved today to apply to put the Company into corporate restructuring (Sw. “företagsrekonstruktion”). The decision follows from a liquidity shortfall and is thought necessary to give the Company the time required to negotiate a longer-term financial solution and implement operational and organizational changes for profitable growth. The decision entails that the Company will suspend payments to creditors. By entering into corporate restructuring, the Board is taking measures to protect the interests of all

Brighter’s warrants of series TO9 are admitted to trading

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. The rights issue of shares and warrants in Brighter AB (publ) (“Brighter” or the “Company”) was registered at the Swedish Companies Registration Office on October 17, 2022. The warrants of series TO9 will be trading on Nasdaq First North Growth Market, starting October 28, 2022, under the ticker “BRIG TO9” with ISIN-code SE0018537862. The

The Stockholm district court approves Nectarine Health's bankruptcy application

Pink Nectarine Health AB (“Nectarine Health”) (“the Company”), a subsidiary of Brighter AB (Publ) (“Brighter”), announces today that the Stockholm district court has decided to approve the previously communicated bankruptcy application and place the Nectarine Health into bankruptcy. The appointed bankruptcy trustee is lawyer Lars Söderqvist at Wesslau Söderqvist Advokatbyrå. As previously announced Lars Söderqvist has been acting as company restructuring trustee (Sw. “företagsrekonstruktör”), although only for the past 2 weeks, where he has been involved in identifying and negotiating

Nectarine Health breaks off corporate restructuring and files for bankruptcy

Pink Nectarine Health AB (“Nectarine Health”) (“the Company”), a subsidiary of Brighter AB (Publ) (“Brighter”), has since 30 September 2022 been in corporate restructuring (Sw. “företagsrekonstruktion”) with the aim of securing the company's survival. The Company has worked intensively to find financing and alternatively to divest the Nectarine Health business, it has now become apparent that there is not enough time to rescue Nectarine Health. The reconstructor has now requested that the reconstruction cease and the board of Nectarine Health has not objected. Accordingly, the board of

Brighter announces outcome in rights issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, SOUTH AFRICA, CANADA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Brighter AB (publ) (“Brighter” or the “Company”) has completed the rights issue of units, consisting of shares and warrants of series TO9, which was decided by the board of directors on August 25, 2022 (the “Rights Issue”). The Rights Issue has been subscribed to a total of 57.2 percent, where approximately 16.4 percent

Brighter publishes supplementary prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, HONGKONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Brighter AB (publ) (“Brighter” or the “Company”) has established a supplement (the "Supplementary Prospectus") in addition to the EU growth prospectus regarding subscription of units in the rights issue (the “Rights Issue”) that was

Brighter renews contract with Arkessa for more cost-efficiency and better connectivity solutions in key markets

Brighter AB (publ) (“Brighter”) or (“the Company”) today announced the renewal of its agreement with the IoT connectivity supplier Arkessa following their acquisition by Wireless Logic. Apart from being more cost-efficient, the renewed agreement will enable more robust connectivity for Brighter’s solutions in the Company’s key markets. Through Wireless Logic’s solution SimPro, Arkessa provides a better-suited globally managed IoT connectivity system for Brighter’s needs. Additionally, the new agreement is better for Brighter when it comes to reducing the total cost of ownership, bringing

The last day of the subscription period in Brighter’s rights issue is today, September 30

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, SOUTH AFRICA, CANADA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Today, September 30, 2022, is the last day of the subscription period in Brighter AB’s (publ) (“Brighter” or the “Company”) rights issue. Most nominees have ended the subscription period but subscription is still available without unit rights on Mangold’s website www.emission.mangold.se 

Brighter's subsidiary Nectarine Health will enter into corporate restructuring

Brighter AB (Publ) ("Brighter") announces today that its subsidiary Pink Nectarine Health AB ("Nectarine Health" or “The Company'') has had its application for corporate restructuring (Sw. “företagsrekonstruktion”) approved by the Stockholm district court. The Stockholm district court accepted Nectarine Health's proposal to have lawyer Lars Söderqvist (Wesslau Söderqvist Advokatbyrå i Stockholm KB) appointed as restructuring trustee. Lars Söderqvist has worked with formal and informal corporate restructuring and other related advisory work since 1982 and has extensive experience in

Members of the board of directors and executive management subscribe in ongoing rights issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, HONGKONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Brighter AB (publ) (“Brighter” or the “Company”) announces that six members of the board of directors and executive management have subscribed for a combined 690,354 units to a total value of approximately SEK 207 thousand in the ongoing

As previously communication, Brighter's subsidiary Nectarine Health has now submitted an application for corporate restructuring

Brighter AB (Publ) (“Brighter”) announces that its subsidiary Pink Nectarine Health AB (“Nectarine Health”) has today, as communicated in a press release from September 23 2022 , submitted an application for corporate restructuring (Sw. “företagsrekonstruktion”) to the Stockholm District Court. The decision follows from a liquidity shortfall in Nectarine Health and is deemed necessary to give Nectarine Health the time required to

Brighter publishes supplementary prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, HONGKONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Brighter AB (publ) (“Brighter” or the “Company”) has established a supplement (the "Supplementary Prospectus") in addition to the EU growth prospectus regarding subscription of units in the ongoing rights issue (the “Rights Issue”) that

Swedish Economic Crime Authority (EBM) files charges against founder Truls Sjöstedt and ex-CEO Henrik Norström. Due to crimes now charged, EBM must also seek to levy a fine against Brighter.

Brighter AB (Publ) (the “Company” or “Brighter”) announces that it has learned today that the Swedish Economic Crime Authority (EBM) is bringing charges against the Company's founder and former chairman Truls Sjöstedt and former CEO Henrik Norström. The charges include unauthorized disclosure of insider information, market manipulation and (aggravated) insider dealing. The charges stem from certain stock market transactions that were carried out at the end of 2019. Neither Truls Sjöstedt nor Henrik Norström is any longer employed or involved in the business in any way, and Brighter has

Brighter's subsidiary Nectarine Health will apply for corporate restructuring, reducing Brighter’s liquidity needs and enhancing focus on core operations

Brighter AB (Publ) (“Brighter”) announces that the board of its subsidiary Pink Nectarine Health AB (“Nectarine Health”) has today decided to commence preparations to apply for a corporate restructuring (Sw. “företagsrekonstruktion”). The decision follows a liquidity shortfall in Nectarine Health and is deemed necessary to give Nectarine Health the time required to negotiate a longer-term financial solution and implement certain operational changes. For Brighter, this has a significant positive effect on liquidity, of approximately SEK 4 million per month and thus enables a stronger focus

Brighter publishes supplementary prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, HONGKONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Brighter AB (publ) (“Brighter” or the “Company”) has established a supplement (the "Supplementary Prospectus") in addition to the EU growth prospectus regarding subscription of units in the ongoing rights issue (the “Rights Issue”) that

The subscription period in Brighter’s rights issue starts today

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, SOUTH AFRICA, CANADA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Today, September 16, 2022, the subscription period for Brighter AB’s (publ) (“Brighter” or the “Company”) upcoming rights issue of units, which was announced on August 25, 2022 (the “Rights Issue”), begins. The subscription period in the Rights Issue runs from and including September 16, 2022, up to and including

The Swedish Tax Agency has decided to demand repayment of aprox. MSEK 4.4 from Brighter's subsidiary Nectarine Health

Brighter AB (the Company) announces today that the Swedish Tax Agency has decided to demand repayment of deductions for employer contributions in 2020 and 2021. The company is required to repay a total of SEK 4,424,520. The decision from the Swedish Tax Agency states that it does not allow deductions for research and development (FOU) in employer declarations where the Company has made deductions for employer contributions for employees who work with FOU. Nectarine Health's management and board have discussed with lawyers and with the Tax Agency's handlers and believe that the

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