SpectrumOne’s rights issue of free-of-payment units is oversubscribed

On Wednesday, the 22nd of July 2020, SpectrumOne AB’s (“SpectrumOne” or the “Company”) rights issue of free-of-payment units, consisting of a total of 45 261 240 warrants of two series (TO 2 and TO 3) ended. The rights issue was oversubscribed and approximately 91.63 percent of the rights issue was subscribed for by exercise of unit rights (subscription rights for units allotted to shareholders). A total of 22 630 620 units were issued through the rights issue consisting of 22 630 620 warrants of series TO 2 and 22 630 620 warrants of series TO 3.

The allocation of units has been made in accordance with the prospectus, which was published by the Company in July 2020. Notification of allotment of units without unit rights is made through an allocation notice, which is expected to be sent out today on July 27th, 2020.

The units in the rights issue were issued free-of-payment and SpectrumOne has therefore not received any issue proceeds through the rights issue. The rights issue itself will not increase the Company’s share capital or the Company’s number of shares.

Trading in paid subscription units (Sw. Betald Tecknad Unit, “BTU”) will continue until the rights issue has been registered with the Swedish Company Registration Office, which is expected to take place in August 2020.

The Company will apply for listing of the warrants on Nasdaq First North Growth Market and announce the first day of trading in the warrants in a separate press release. For more information about the warrant terms such as warrants exercise periods, price, etc. please see the complete warrant terms on SpectrumOne’s website www.spectrumone.com.

CEO Hosni Teque-Omeirat comments:

“We are very pleased with the interest shown in this rights issue and would like to sincerely thank our investors. The funding we may receive through the exercise of warrants will enable us to finance previous and future acquisitions and otherwise contribute the necessary working capital and thereby place SpectrumOne in a very positive phase in our business development. It will enable SpectrumOne the opportunity to take the business to a new level.”

Financial and legal advisors:

Sedermera Fondkommission is the financial advisor and issuing agent and Markets & Corporate Law Nordic AB is the legal advisor to SpectrumOne in connection with the rights issue.

For additional information regarding the rights issue, please contact: Sedermera Fondkommission

Phone: +46 (0) 40-615 14 10

E-mail: info@sedermera.se

For further information regarding SpectrumOne, please contact: 
Hosni Teque-Omeirat 
+46 70 225 18 77 


Certified Adviser: 
Mangold Fondkommission AB (556585-1267) 
Box 55 691 102 15 Stockholm 
+46 8 503 015 50 

SpectrumOne AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on July 27, 2020 at 03.25 p.m. CET.


About SpectrumOne AB

SpectrumOne is a leading technology company delivering an advanced Data Management, Analytics & Communications platform suite. Offered in a SaaS online service shipping with rich market data from various professional providers, SpectrumOne provides a unique solution to many leading actors across industry segments in various countries. Enabling clients with fast and easy access to data insight and visualization coupled with powerful search, segmentation, and mapping features. SpectrumOne allows data to be quickly enabled and operationalized, driving activities from customer communication to data science supporting business analysis, strategy, and growth. All of which can be enabled the same day with immediate results. SpectrumOne´s headquarter is based in Stockholm, Sweden, responsible for Nordic sales and strategy, with additional sales and business development located in Oslo, Norway. SpectrumOne is listed on Nasdaq First North Growth Market in Stockholm. www.spectrumone.com