LED iBond International A/S successfully raises DKK 8 million
LED iBond International A/S (“LED iBond”) announces the results of the rights issue announced on 15 September 2022.
Inside Information
A total of DKK 8 million was successfully raised through solid support from both the Board of Directors, management, as well as existing and new investors generally.
Martin Løbel, CEO of LED iBond International A/S:
“I’m delighted with the solid support from both the Board of Directors, management as well as both existing and new investors generally. I see all investors as strategically important for LED iBond as part of implementing our strategy. We have now secured a capital raise of DKK 8 million, which will strengthen our current cash position to enable us to further invest in marketing, sales with our international expansion, and R&D for the continued development of advanced Vertical farming solutions.”
Of the total amount of DKK 8 million subscribed for, approximately 27% of the shares were subscribed for by exercise of pre-emptive subscription rights and approximately 73% of the shares were subscribed for without pre-emptive rights. The maximum offer comprised of shares of up to DKK 12.7 million.
LED iBond expects, in accordance with the previously communicated timeline for the rights issue, that registration of the share capital increase with the Danish Business Authority will take place on 7 November 2022.
The company further expects that the first day of trading of the new shares on Nasdaq First North Growth Market Denmark is 9 November 2022 and that the merger of the temporary and permanent ISIN codes will occur on 10 November 2022 after 5:00 p.m. CET.
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 advisor
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 solutions for integrating light and data, based on the company’s deep knowledge of modern LED technology and many years of development. The patented technology includes the lightest and thinnest LED basis available, offering a unique value proposition combining total design flexibility, and low total costs of ownership. LED iBond’s technology has been deployed in many projects, ranging from intelligent shelf lighting to large-scale outdoor and indoor illumination projects such as the installation of 3.2 kilometres of TRACY®, the company’s innovative flagship product, at DTU, the Technical University of Denmark.
Due to the superior form factor and cooling properties of the technology platform, LED iBond is focusing on three key business lines: Smart Building, Vertical Farming, and UV Disinfection, all projected to show significant growth in the years to come.
LED iBond International A/S is admitted to trading on Nasdaq First North Growth Market Denmark (ticker: LEDIBOND).