LED iBond International A/S raise of DKK 4.5 million and issue of 12,857,144 new shares have been registered.
COMPANY ANNOUNCEMENT NO. 84
LED iBond International A/S (“LED iBond”) announces that the capital raise of DKK 4.5 million has been completed. The issue of 12,857,144 new shares at a price of DKK 0.35 per share has been registered with the Danish Business Authority. As announced in Company announcement no. 81 on 29 November 2023, this is the first step in the reached agreements for DKK 10 million in new funding.
Prior to the increase, the Company’s share capital amounted DKK 1,292,543.55 consisting of 25,850,871 shares of nominally DKK 0.05 each. After the nominal increase of DKK 642,857.20, the Company’s share capital now amounts to DKK 1,935,400.75 consisting of 38,708,015 shares of nominally DKK 0.05 each.
The change in share capital is reflected in the Company’s articles of association available on the Company’s website.
The company further expects that the first day of trading of the new shares on Nasdaq First North Growth Market Denmark is 8 December 2023.
Further Information
Martin Løbel, CEO
Mobile: +45 2722 6237
Email: mlo@ledibond.com
Company contact
LED iBond International A/S
Agern Allé 5A
2970 Hørsholm
Denmark
CVR 36041609
+45 7070 7855
info@ledibond.com
www.ledibond.com
Certified adviser
Västra Hamnen Corporate Finance
Jungmansgatan 12
211 19 Malmö
Sweden
Telephone: +46 40 200 250
Email: ca@vhcorp.se
About LED iBond International A/S
Founded in 2014, LED iBond International offers innovative lighting solutions, based on years of development and deep knowledge of modern LED technology combined with advanced packaging and assembly technology. Our patented technology platform includes a very thin formfactor of only 6 mm for the light panels, offering a unique value proposition based on high design flexibility, robustness, IoT integration, and low total costs of ownership due to market leading energy efficiency and superior cooling properties. The technology platform also reduces the installation cost due to a modular design with a limited need for traditional electrical wiring.
LED iBond’s technology has been installed in many projects, ranging from intelligent shelf lighting to numerous large scale illumination projects such as various parking facilities and as the indoor installation of 3.2 kilometres of TRACY®, the company’s innovative flagship product, at the Technical University of Denmark. LED iBond’s has also developed software-based advanced light management systems for control of lighting solutions.
LED iBond is focusing on three key business lines: Smart Building (Industry & Home), Indoor and Vertical Farming, and UV Disinfection, all projected to show significant growth in the years to come. For Indoor and Vertical Farming segments, LED iBond’s roadmap includes lighting solutions which incorporate advanced IT management with monitoring using sensors, cameras, and plant analysis.
Manufacturing takes place in Denmark in LED iBond’s own production facility with highly automated assembly lines.
LED iBond International A/S is admitted to trading on Nasdaq First North Growth Market Denmark (ticker: LEDIBOND).