The exercise period for warrants of series TO 5 in Qlife Holding begins today, 21 November 2024
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The exercise period for warrants of series TO 5 that were issued in conjunction with Qlife Holding AB's ("Qlife" or the "Company") rights issue of units in February 2024 (the "Rights Issue") begins today, 21 November 2024. The exercise period runs up to and including 5 December 2024.
Terms for warrants of series TO 5 in brief:
- The subscription price is SEK 45 per share.
- The exercise period runs from and including 21 November up to and including 5 December 2024.
- Each warrant entitles the holder to subscribe for 0.0005 shares. Thus, two thousand (2,000) warrants of series TO 5 entitles the holder to subscribe for one (1) new share in Qlife.
- If the warrants are fully exercised, the Company will receive approximately SEK 23.6 million before issue costs.
- Upon full exercise of all warrants, the number of shares in Qlife will increase with 524,348 to 7,584,929 shares, and the share capital will increase with SEK 83,895.72992 to SEK 1,213,588.68992, corresponding to a dilution effect of approximately 6.9 percent.
- The outcome is planned to be announced on 6 December 2024.
On 12 December 2023, the Board of Directors resolved, subject to the approval of an extraordinary general meeting, on an issue of units, consisting of shares and warrants of series TO 4 and TO 5. The decision was approved by the extraordinary general meeting on 16 January 2024. Today, 21 November 2024, the exercise period for warrants of series TO 5 begins.
On 26 June 2024 the Annual General Meeting in Qlife resolved to implement a reverse split of shares at a ratio of 1:2000, meaning that 2,000 existing shares were consolidated into 1 share. The record date for the reverse split was 31 July 2024.
As a result of the reverse split, a recalculation was carried out in accordance with the terms and conditions of the Company's warrants of series TO 5, adjusting both the subscription price and the number of shares each warrant entitles the holder to subscribe for. All other terms and conditions for the warrants of series TO 5 remain unchanged, such as the exercise period and the total number of outstanding warrants remains unaffected by the reverse split and recalculation.
The new subscription price per share has been set at SEK 45, and the new number of shares each warrant entitles the holder to subscribe for is 0.0005. Thus, two thousand (2,000) warrants of series TO 5 are required to subscribe for one (1) new share in Qlife.
Before the recalculation, the subscription price was set at SEK 0.0225, and each warrant entitled the holder to subscribe for one (1) share. All other terms and conditions for the Company's warrants of series TO 5 remain unchanged. The full terms and conditions for the warrants are available on Qlife's website at www.qlifeholding.com.
In total, Qlife issued 131,087,078 units in the Rights Issue, each unit consisting of twenty-three (23) shares, eight (8) warrants of series TO 4 and eight (8) warrants of series TO 5. Before the recalculation of the warrants of series TO 5, one (1) warrant of series TO 5 entitled the holder to subscribe for one (1) new share in the Company during the period 21 November – 5 December 2024 at an exercise price of SEK 0.0225 per share.
In the event of full exercise of all warrants of series TO 5, the Company will receive approximately SEK 23.6 million before issue costs. In order for the warrants not to expire and lose their value (if any), they must be actively sold by 3 December 2024 at the latest or be exercised no later than 5 December 2024.
Note that warrants that have not been actively sold by 3 December 2024 at the latest, or been exercised no later than 5 December 2024, will expire and lose their value (if any).
Exercise of warrants series TO 5
Trustee-registered warrants
If the warrant holder holds warrants in a deposit account, in an investment savings account or endowment insurance (trustee-registered holdings), subscription and payment will take place with the trustee, which will provide further instructions on how to exercise the warrants. The warrant holder should contact their trustee well in advance for further instructions regarding exercise of the warrants.
Directly registered warrants (securities account)
Directly registered warrant holders can order an application form via info@eminova.se or by phone on +46 8-684 211 00. Payment is made in accordance with the instructions in the application form. Both the application form and payment must be submitted to Eminova Fondkommission AB by 15.00 CET on 5 December 2024 at the latest.
For more information please contact:
Thomas Warthoe, CEO
tw@egoo.health
+45 21 63 35 34
Qlife is a Swedish company based in Helsingborg, which develops and markets an innovative medical technology platform, Egoo.Health ("Egoo"), with the goal of giving people access to clinical biomarker data when testing at home. The company is listed on the Nasdaq First North Growth Market (ticker: QLIFE). G&W Fondkommission is the Company's Certified Adviser. For additional information, please visit www.qlifeholding.com (http://www.qlifeholding.com).
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