Cereno Scientific’s rights issue is oversubscribed and overallotment issue fully utilized

Cereno Scientific AB (publ) ("Cereno Scientific" or the ”Company") has completed the rights issue of B-shares amounting to MSEK 55,6 published on April 12 and approved at the Extraordinary General Meeting on May 15, 2019. The rights issue has been subscribed to a total of 109.5 percent, of which approximately 61.1 percent were subscribed with preferential subscription rights and approximately 48.4 percent were subscribed without preferential subscription rights. Through the rights issue, the Company obtains approximately SEK 55.6 million before issue costs. The overallotment issue was fully subscribed. Proceeds from the overallotment issue amounts to approximately SEK 5 million before issue costs. The issue costs amount to approximately SEK 10.1 million, which includes compensation to the underwriters.

Allotment of B-shares subscribed without preferential subscription rights has been made in accordance with the terms stated in the prospectus. Notification of such allocation shall be communicated separately by registered settlement note. Nominee registered shareholders receive a notice of allocation in accordance with instructions from the respective trustees.

Through the rights issue, Cereno Scientific´s share capital increases by SEK 1,918,130.20 through the issuance of 19,181,302 B-shares. Following the rights issue, the share capital in the Company amounts to SEK 3,836,260,40 and the total number of shares will amount to 38,362,604 shares divided between 722,248 A-shares and 37,640,356 B-shares after registration with the Swedish Companies Registration Office of the rights issue.

The overallotment issue which the Company’s Board of Directors was authorized to decide upon has been subscribed to a total of 100 percent. Through the overallotment issue, authorized to be carried out by the board of directors, Cereno Scientific´s share capital increases by SEK 172,413.70 through the issuance of 1,724,137 B-shares after registration with the Swedish Companies Registration Office of the overallotment issue.

Following the rights issue and the overallotment issue, the share capital in the Company amounts to SEK 4,008,674.10 and the total number of shares will amount to 40,086,741 shares divided between 722,248 A-shares and 39,364,493 B-shares after registration with the Swedish Companies Registration Office of the rights issue and the overallotment issue.

Advisors

Mangold Fondkommission AB and MAQS Advokatbyrå acted as financial adviser and legal adviser in the rights issue.

For further information, please contact:
Daniel Brodén  – CFO
Tel: +46 768 66 77 87
E-mail: info@cerenoscientific.com
www.cerenoscientific.se 

About Cereno Scientific AB 
Cereno Scientific is developing novel preventive medicine to treat thrombosis-related disease, based on the body’s own intelligent clot-busting system. Cardiovascular disease is currently the leading cause of death worldwide. Current therapies are connected to an increased risk of bleeding and, as a result, low effectiveness due to lower dosing levels. In turn, this leads to a high risk of new blood clots. Cereno Scientific’s drug candidate, CS1, is expected to provide a possibility for an effective prevention of thrombosis and a lower risk for serious bleeding complications than with current blood thinning therapies. CS1 is an innovative controlled release formulation of a known compound, and as such is expected to have a relatively short development time. In parallel with the development of CS1, Cereno Scientific develops CS014, a preclinical phase compound with promising and innovative characteristics in cardiovascular diseases. The Gothenburg-based company is located in AstraZeneca’s BioVenture Hub and is supported by GU Ventures. Cereno Scientific’s B share has been listed on Spotlight Stock market since June 2016 with the ticker CRNO B, ISIN SE0008241558.

This information is such that Cereno Scientific AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person above on June 13, 2019. 

Important information

This press release is not an offer to subscribe for shares in Cereno Scientific and investors should not subscribe or acquire any securities. Invitation to concerned persons to subscribe for shares in Cereno Scientific will only be made through the prospectus.

This press release shall not, directly or indirectly, be released, published or distributed in or to the ed States, Australia Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action as a whole or in part is subject to legal restrictions.

Neither subscription rights, shares subscribed for ("BTA"), newly issued shares or warrants have been recommended or approved by any US federal or state securities authority or regulatory authority. No subscription rights, BTA, newly issued shares have been registered or will be registered under the United States Securities Act of 1933, as applicable, or in accordance with applicable laws in the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or in any other country where the Rights Issue or distribution of the press release is in violation of applicable laws or regulations or presupposes that a further prospectus is established, registered or that any other measure is undertaken beyond that required by Swedish law.

There is no intention to register any portion of the offer in the United States and the securities issued in the Rights Issue will not be offered to the public in the United States.

This press release may contain certain forward-looking information that reflects Cereno Scientific’s current views on future events as well as financial and operational development. Words that are "intended", "come", "judged", "expected", "can", "plan", "appreciate" and other expressions that imply indications or predictions about future developments or trends, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it depends on future events and circumstances. Forward-looking information does not constitute a guarantee of future performance or development and actual outcomes may differ substantially from what is stated in forward-looking information. This information, the opinions and the forward-looking statements contained in this press release are valid only on this date and may be amended without notice. Cereno Scientific makes no representations about publishing updates or revisions of forward-looking information, future events or similar circumstances other than the applicable law.