Realfiction raises approximately SEK 14.4m in a directed share issue

The Board of Realfiction Holding AB (publ) (“Realfiction” or the “Company”) has, based on the authorization given by the annual general meeting held 11 June 2019decided on a directed new issue of 1,483,705 shares at a price of 9.82 SEK per share. This means that the Company will receive net proceeds of approximately SEK 14.4m.

4 investors including AmTRAN Technology Co. Ltd., and 3 other tech savvy investors who are all current shareholders in the Company, have committed to subscribe in this directed share issue with approximately SEK 14.6m. 

The reasons for the deviation from the shareholders' preferential rights is to increase the strategic ownership base in the Company among tech investors and to utilize the opportunity to obtain capital in a favorable and timely and cost-effective manner. The directed share issue is intended to generally finance the company and accelerate the development of the ECHO technology. 

The subscription price has been established in advance and corresponds to the market price of the share determined as the volume weighted average share price of SEK 9.82 on First North, Stockholm on the basis of the previous 10 days before the decision to carry out this directed share issue. Hence, it is the Board's assessment that the subscription price is secured at market terms.

The directed share issue will result in an increase of the number of shares in Realfiction of 1,483,705 and an increase in the share capital by SEK 148,370.50. This entails an increase in the number of shares from 14,057,908 to 15,541,613 and an increase in the share capital from SEK 1,405,790.80 to SEK 1,554,161.30, corresponding to a dilution of approximately 9.55 percent of the outstanding number of shares and votes in the Company.

Clas Dyrholm, CEO of Realfiction comments

“Attracting further commitment from experienced tech investors and sufficient funds to ensure that our ECHO technology is given the best possible opportunity to succeed has been our clear intention with this issue. We aim to make ECHO a part of future display standards and the ultimate target is to realize the holy grail of 3D. Our long-time partner AmTRAN and the other serious tech investors that take part in the directed share issue will provide us with fantastic support and experience when developing the ECHO technology and approaching the display industry at the right time and in the right way.”

The Company has retained Hagberg & Aneborn Fondkommission AB to act as Issuing Agent and SKILL Advokater to act as legal advisor in connection with the directed share issue. In order to keep costs low in this process, the Company did not engage a financial advisor. 

For more information about Realfiction Holding AB, please contact: 

Clas Dyrholm, founder and CEO 

Telephone: +45 25 22 32 81 

Email: clas@realfiction.com  

www.realfiction.com   

Certified Adviser  

Mangold Fondkommission AB is the company's Certified Adviser and can be contacted via ca@mangold.se or +46 8 503 015 50.

This information is information that Realfiction Holding AB 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 out above, at 13.15 CET on 27 November 2019.  

About the ECHO technology

Realfiction has previously announced the completion of its Proof of Concept for its patent pending ECHO technology, and a grant from Innovation Fund Denmark to support the development of a beta-version. The vision of the ECHO technology is the dream of truly changing the world of 3D. ECHO is a scalable display technology that makes it possible and cost-effective to present high quality 3D in open air, without the use of glasses or other lenses and with look-around capability for groups of people. 

To further explain the directional pixel technology, a video illustration can be viewed on the Realfiction website here.

Realfiction estimates that the ECHO technology can reduce the power consumption of displays of the average type televisions by close to 80%. The estimated reduction adds up to 80 watt per hour resulting in huge savings of approximately USD 7.4bN, 1.34% of the electricity production equivalent of 56 TWh of electricity and 25 million tons of CO2 only in the United States.  As a result, ECHO has the potential to significantly reduce the yearly household consumption of energy, thus adding to lower carbon emissions on a global scale and USD savings.

About Realfiction Holding AB

Founded in Denmark in 2008, Realfiction is a leading innovator and provider of Mixed Reality solutions and services, a market estimated to reach USD 80 billion by 2025. Realfiction continues to invent technologies within Mixed Reality, with an intention to disrupt the industry by pursuing the vision of converting science fiction into real fiction. Realfiction Holding AB’s share is publicly traded on Nasdaq Stockholm First North under the symbol “REALFI”. The share’s ISIN code is SE0009920994.

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