Nexcom’s updated capital structure completed
Company announcement 18-2022
This communication contains inside information regulated by the European market abuse regulation, (MAR).
In company announcement 13-2022 of August 2nd, 2022, Nexcom informed of the process of creating a new capital structure for the company. This process is now completed with the final part of the capital raise in place.
Direct share issues
Strategic Investments A/S, an investment company listed on Nasdaq Copenhagen, has subscribed for 1.000.000 new shares in Nexcom for an amount of DKK 3,000,000 in a direct share issue at a share price of DKK 3.0. This completes the planned capital increase, in which Nexcom has received gross proceeds of DKK 6.000.000 and net proceeds of approximately DKK 5.5 million, issued 2,000,000 shares, and increased the share capital with DKK 1,000,000
As previously communicated, the shares in the private placements are issued at the market price on 26 July plus 10% and thus within the authorization of the Board of Directors according to section 5.1 of Nexcom’s articles of association, the shares are issued without pre-emption subscription rights for the company’s shareholders.
In total Nexcom has issued 3,1666,666 shares in connection with the direct share issues and the previously announced loan conversions. The total number of outstanding shares will increase from 10,899,805 shares to 14,066,471 shares and the share capital from DKK 5.449.902,50 to DKK 7,033,235,50
Expected timetable
The new shares are expected to be admitted to trading on Nasdaq First North Growth Market Denmark on Sep. 5th, 2022, under the ISIN code of Nexcom's existing shares (DK0061417144).
Going Concern
With the funds raised through this capital increase, together with cost reductions and postponement of instalments, the company expects it has sufficient funds to secure its operations with no or limited additional funds until becoming cash flow positive, which is expected in Q1 2023.
Contact information:
For more information and/or to arrange an interview with CEO Rolf Adamson, please contact Gerdur Dora Adalsteinsdottir, Communications email: press@nexcomglobal.com.
Certified advisor:
Kapital Partner A/S
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Nexcom is a Danish-based SaaS company with a compelling purpose of helping companies of all shapes and sizes deliver consistent, high-standard service experiences to their customers. We design and deliver big data-driven, AI-powered software platforms that enable companies to automate routine tasks, monitor agent and system performance, and become more time-efficient. We help improve productivity, gain more operational knowledge, make informed decisions, and ultimately deliver better service.
Nexcom: Better Customer Service, Less Effort