FundedByMe announces the result of the rights issue*
FundedByMe Crowdfunding Sweden AB, listed on NGM Nordic SME, today announces that the rights issue, that is 100% guaranteed, is now completed.
The rights issue, which the Board decided on March 4, 2020 (through the utilization of the mandate received by the Board at the 2019 Annual General Meeting) with the subscription period March 13, 2020 - March 27, 2020, has added 804,655 Class A shares at a subscription price of SEK 2.20 per A share. This means that the company has received a maximum of SEK 1,770,241 before issue costs (before guarantors), and the remaining part up to SEK 4,944,302 before issue costs is subscribed by guarantors according to the agreement. Out of the 804,655 shares, 7,456 shares have been subscribed for with preference, 650,860 shares have been subscribed for through trustees with preference and 146,339 shares have been subscribed for without preference. The guarantors subscribed for the remaining 1,442,775 shares so that the issue is a total of 2,247,410 shares. After registration with the Swedish Companies Registration Office, the share capital will increase by SEK 328,760.85.
After the share issue, the share capital will amount to a total of SEK 1,808,184.66, divided into 12,360,755 shares.
In this round, FundedByMe's product “crowdfunding for listed companies” was also tested, as a complementary tool for capturing the interest in subscription before the formal subscription, where all interested parties were referred to the formal subscription with the fund commissioner. The outcome was better than expected and provided real-time data to the company regarding the number of interested parties, traffic, booked investment interest, average investment, percentage subscription through FundedByMe etc.
*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
