Warrants of series TO 8 were subscribed to approximately 0.02 percent and Smoltek receives approximately SEK 2 thousand
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Smoltek Nanotech Holding AB (publ) ("Smoltek" or the "Company") today announces the outcome of the exercise of warrants of series TO 8 (the "Warrants"). In total, 625 Warrants were exercised, corresponding to approximately 0.02 percent of the total number of outstanding Warrants, for subscription of 956 shares at a subscription price of SEK 2.36 per share. Smoltek will receive approximately SEK 2 thousand before issuing costs through the exercise of the Warrants. The outcome is in line with the Company's expectations as the share price has been significantly lower than the subscription price for TO 8 during the exercise period.
The exercise period for exercise of the Warrants took place from and including September 4, 2024, up to and including September 18, 2024. The subscription price per share for exercising the Warrants was set to SEK 2.36.
In total, 625 Warrants were exercised for subscription of 956 shares, meaning that approximately 0.02 percent of all outstanding Warrants were exercised.
Exercised Warrants have been replaced with interim shares (IA), pending registration with the Swedish Companies Registration Office. The interim shares are expected to be converted to shares within approximately three (3) weeks.
Share capital and dilution
Through the exercise of the Warrants, the number of shares in Smoltek increases by 956 shares, from 76,814,040 shares to a total of 76,814,996 shares. The share capital will increase by approximately SEK 113.89 from approximately SEK 9,150,722.35 to approximately SEK 9,150,836.24.
For current shareholders who did not exercise any Warrants, the dilution amounts to approximately 0.001 percent of the number of shares and votes in the Company.
Advisors
Mangold Fondkommission AB is the financial advisor and issuing agent to Smoltek in connection with the exercise of the Warrants.
For further information please contact:
Håkan Persson, CEO Smoltek Nanotech Holding AB
E-mail: hakan.persson@smoltek.com
Phone: +46 317 01 03 05
Website: www.smoltek.com/investors/en
About Smoltek
Smoltek is a Swedish technology company based in Gothenburg, specialized in the development and integration of carbon nanotechnology. The technology is used in the manufacture of vertical carbon nanostructures to create a three-dimensional surface in precision-defined patterns to solve advanced materials engineering problems in the process and semiconductor industry. Today, we focus on capturing the potential of the development of advanced chips and the development of green energy production, which has resulted in the Company's two business areas: semiconductors and hydrogen. In the semiconductor business area, the Company obtains ultra-thin capacitors intended for decoupling capacitors for application processes in mobile phones and other advanced electronic components. Within the hydrogen business area, a porous transport electrode intended for the anode in PEM electrolyzers is being developed that can significantly reduce iridium, which would lower investment costs for the production of fossil-free hydrogen. Smoltek's technology makes components and materials thinner, more energy efficient, more powerful, and cheaper. This is made possible by the three-dimensional surface structure of the carbon nanostructures, which creates a surface that can be refined multiple times in the same volume for, for example, electrical and chemical processes. Smoltek has a strongly patent-protected technology consisting of roughly 110 patent assets within 20 patent families, of which 91 are currently granted patents. The company's stock is listed on the Spotlight Stock Market. For more information, go to www.smoltek.com/investors/en.
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