Correction: FundedByMe announces rights issue of approx. SEK 4.9 million*

The correction refers to the record day for participation in the rights issue.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE USA, AUSTRALIA, JAPAN OR CANADA OR ANY OTHER JURISDICTION WHERE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE ILLEGAL.

The Board of Directors of FundedByMe Crowdfunding Sweden AB (publ) ("FundedByMe") ("The Company"), has on March 4, 2020, in accordance with a mandate received at the 2019 Annual General Meeting, decided on a rights issue of a maximum of 2,247,410 Class A shares, which adds to the company approximately SEK 4.9 million before issue costs. Nine (9) existing shares gives the right to subscribe for two (2) A-shares. In case the rights issue is not fully subscribed, a right to subscribe without preference is instated. The price of a new A-share is SEK 2.20.

Summary of the issue

  • Shareholders in FundedByMe have the right to subscribe for two (2) Class A shares per nine (9) existing shares held on the record date on March 11, 2020, regardless of Class A or Class B shares. The subscription period is March 13, 2020 - March 27, 2020
  • The subscription price is SEK 2.20 per A share
  • Subscription of newly issued shares takes place during the period 13 March 2020 - 27 March 2020
  • At full subscription, the company receives approximately SEK 5 million before issue costs
  • Guarantors intend to guarantee this issue. A separate press release will be published regarding the size of the guarantee by March 6, 2020.

Background and motifs

The measures implemented within the Group in 2019 have begun to show good results and are steadily pointing in the right direction. The year-end report, published on February 18, 2020, shows that costs were significantly reduced during the second half of the year and that the invoicing rate was maintained. As the company's brand continues to be strong, the market situation continues to be favorable and the cooperation within the Group leads to more and better business, the company's board has decided on a rights issue with the right to subscribe even without preference.

The purpose of the rights issue is to strengthen the cash position ahead of the investments the company will make in order to continue the journey towards profitability. The plan is to develop both Laika's and FundedByMe's operations where the new EU crowdfunding directive very advantageously will pave the way for the Group's operations, especially in crowdfunding. The Group intends to take a greater hold in the value chain and maintain its strong position within the EU.

 Preliminary schedule

March 4, 2020: Press Release announcing the board’s decision
March 9, 2020: Last day for subscription including the right to subscribe
March 10, 2020: First day of trading excluding the right to subscribe
March 11, 2020: Record day for participation in the rights issue
March 11, 2020: Publication of memorandum
March 13 - March 27, 2020: Subscription period

Share structure and share capital

Upon full subscription of the share capital, the share capital will increase from SEK 1,479,423.81 to SEK 1,808,184.66 and the number of shares will increase by 2,247,410, from 10,113,345 shares to 12,360,755 shares. At full subscription, FundedByMe will receive approximately SEK 4.94 million before issue costs. Issue costs are estimated to be in the order of SEK 400 thousand upon full subscription of the issue.

Dilution amounts to 18.18 percent on full subscription. Dilution of votes is estimated at 28.08 percent for full subscription.

Memorandum

A Swedish issue memorandum and application form will be available before the start of the subscription period on the FundedByMe website, https://www.fundedbyme.com/investor-relations/, and on the Aqurat Fund Commission's website, www.aqurat.se. Full terms and instructions for the rights issue and other information about the Company will be stated in the memorandum. Subscription takes place through the Aqurat Fund Commission.

Issuing

Aqurat Fondkommission is the issuer in connection with the new share issue.

Important information (Please note that translation is for convenience only)

The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in shares or other securities in FundedByMe Crowdfunding Sweden AB. The invitation to interested persons to subscribe for shares in FundedByMe will only be made through the memorandum which FundedByMe will publish. No action has been taken, or will be taken, by FundedByMe to allow an offer to the public in jurisdiction other than Sweden.

The information contained in this press release may not be published, reproduced or distributed in or to the United States, Canada, Japan, Australia, Hong Kong, Switzerland, Singapore, South Africa or New Zealand or any other country or other jurisdiction where such action is not permitted, or where such The measure is subject to legal restrictions or would require additional registration or other measures than those required by Swedish law. Measures in violation of this instruction may constitute a violation of applicable securities law.

 No shares have been registered, and will not be registered, under the United States Securities Act of 1933 (the "Securities Act") and may not be offered, subscribed, sold or transferred, directly or indirectly, within the United States, except with the written approval of FundedByMe and pursuant to an applicable exception to the registration requirements of the Securities Act and in accordance with the securities laws of the relevant state or other jurisdiction of the United States.

Forward-looking statements

This press release contains certain forward-looking statements that reflect the Company's current views and expectations of future events, as well as financial and operational development, including statements regarding the Issue and statements regarding guidance, planning, outlook and strategies. Words that are "intended", "assessed", "expected", "planned", "estimated", "can", and other terms that imply indications or predictions of future development or trends and which are not based on historical facts, are forward-looking information. Although the Company believes that these statements are based on reasonable assumptions and expectations, the Company cannot guarantee that such forward-looking statements will be realized. Since these forward-looking statements include both known and unknown risks and uncertainties, actual outcomes may differ materially from what is stated in forward-looking information. Forward-looking statements in the press release are valid only at the time of the press release and are subject to change without notice. The Company makes no commitment to publish updates or revisions to forward-looking statements as a result of new information, future events or the like in addition to what is required by applicable laws or stock market regulations.

 This information is such information that FundedByMe AB (publ) is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted, for publication, through the contact person below, on March 4, 2020 at 08.30

*English translation for convenience only

For further information, please contact:
FundedByMe Crowdfunding Sweden AB
Daniel Daboczy, CEO
Mobile: +46 (0) 73 6269985
Email: daniel@fundedbyme.com

About FundedByMe
FundedByMe is a tech company, focusing on the financial markets. Today the company offers a digital and global platform for financial support for startups and growth companies around the globe. Customers sign up online where they are able to book their investment interest in different companies. The company consists of FundedByMe.com, Feminvest and Laika Consulting, as well as 6 joint ventures in Finland, Malaysia, Singapore, Poland, The Netherlands, and Dubai/UAE. Together the group reaches over 269,000 registered investment members globally. For more information visit www.fundedbyme.com

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