The exercise period for warrants of series TO 3 commences today
Today is the first day for the exercise of Carbiotix AB's ("Carbiotix" or "Company") warrants of series TO 3 ("TO 3") which were issued in connection with the preferential issue of units the Company carried out earlier this year. The period lasts until June 19, 2024. Holders of TO 3 have the right to subscribe for one (1) new share in Carbiotix for each TO 3 at a price of SEK 0.04 per share. Through full use of TO 3, the Company can receive a maximum of approximately SEK 2.1 million before issue costs. An information document is available on the respective websites of Carbiotix (www.carbiotix.com), Sedermera Corporate Finance AB (www.sedermera.se) and Nordic Issuing AB (www.nordic-issuing.se). At Nordic Issuing AB's website, a subscription form will also be available.
In January 2024, Carbiotix carried out a rights issue which brought the Company approximately SEK 11.2 million before issue costs. Through the rights issue, 53,163,522 warrants of series TO 3 were issued. Each TO 3 entitles the holder to subscribe for one (1) new share in Carbiotix during the exercise period, which runs June 5-19, 2024. The exercise price for TO 3 has been set at SEK 0.04 per share. In the event of full utilization of warrants of series TO 3, approximately SEK 2.1 million will be added to the Company before issue costs, which are estimated to be approximately SEK 0.2 million.
Complete terms and instructions for warrants of series TO 3 are available on the Company's website (www.carbiotix.com). An information sheet containing summary information about the warrant exercise will be available on Carbiotix, Sedermera Corporate Finance AB's (www.sedermera.se) and Nordic Issuing AB's (www.nordic-issuing.se) respective websites in connection with the initiation of the exercise period.
TO 3 in short
• Exercise price: Each TO 3 entitles the warrant holder to subscribe for one (1) new share in Carbiotix at a price of SEK 0.04 per share.
• Issue volume: There are 53,163,522 issued TO 3. At full utilization of TO 3, Carbiotix receives approx. SEK 2.1 million before issue costs.
• Number of outstanding shares prior to warrant exercise: 180,226,795 shares.
• Short name and ISIN: TO 3 are traded at Spotlight Stock Market under short name “CRBX TO 3” and with ISIN SE0021310042.
Important dates
• 5 June 2024: Exercise period commences
• 17 June 2024: Last day of trading in TO 3
• 19 June 2024: Exercise period ends
• 20 June 2024: Planned date for publication of outcome of the exercise
• 4 July 2024: Planned date for change from interim shares to shares
Shares and share capital
Upon full utilization of TO 3, the number of shares in Carbiotix will increase by 53,163,522 shares to a total of 233,390,317 shares and the share capital will increase by SEK 797,452.83 to SEK 3,500,854.755. The dilution at full utilization amounts to approximately 22.8 percent of the capital and votes.
Advisors
In connection with the warrant exercise, Carbiotix has engaged Sedermera Corporate Finance AB as financial advisor, Markets & Corporate Law Nordic AB as legal advisor and Nordic Issuing AB as issuing agent.
For more information about the warrants, please contact:
Sedermera Corporate Finance AB
Tel: +46 (0)40 615 14 10
E-mail: cf@sedermera.se
www.sedermera.se
For more information, please contact:
Erik Deaner, CEO
Tel: +46 (0)73-867 30 85
E-mail: erik.deaner@carbiotix.com
About Carbiotix
Carbiotix AB (CRBX) (www.carbiotix.com) is an award-winning biotechnology company pioneering microbiome healthcare through a portfolio of prebiotic modulators, upcycling services, and diagnostic testing services.