FundedByMe AB (publ) announces a directed share issue to a consortium of investors*
FundedByMe AB announces that the Company's Board of Directors has, on November 6th, 2019, with the support of the authorization granted by FundedByMe's Annual General Meeting on May 15, 2019, decided to carry out a directed share issue of a maximum of 950,000 A shares at a subscription price of SEK 2 per A share. This decision means that the Company will receive a maximum of SEK 1.9 million before issue costs. 75% of the investors investing in this round also invested in the last round. The company's IR page has been updated after the latest round to reflect the change in holdings and votes.
The company's CEO Daniel Daboczy will give a live webcast presentation regarding this matter, and report on the development since the summer, at Pressträff Direkt on the 12th of November at 16.00. Pressträff Direkt is a service provided by Laika Consulting in cooperation with Direkt Studios, a part of Nyhetsbyrån Direkt.
The subscription price of SEK 2.00 per share corresponds to a discount of approximately 8% compared to the closing price on November 5, 2019. Subscribers in the new share issue are a consortium of investors. The reason for deviating from the shareholders' preferential right is to enable additional capital to be acquired in a time and cost-effective way. This is to manage product development costs of the Company's new product Crowdfunding for listed Companies.
Following the new issue, the total number of shares in the Company will amount to a maximum of 9,914,933 shares. The new share issue will result in a dilution of a maximum of 9.58% of shares based on the total number of shares in FundedByMe at the time of the issue. The new issue of Class A shares, with 10 votes per share, means that the votes are diluted by a maximum of 17.09%.
“We are very proud to see that the consolidation with Laika Consulting has resulted in highly beneficial effects. The market situation remains very stable, as earlier presumed by the Board and management. We are also very pleased that these investors have chosen to subscribe to A-shares in this directed issue and together with us intend to work forward to strengthen FundedByMe's position in crowdfunding, and to develop the Investor Relations segment both technically and geographically,” says the company's CEO Daniel Daboczy.
This information is information that FundedByMe AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set below, on 07 November 2019.
*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
