Wyld Networks AB’s warrants of series TO1 and TO2 is taken to trading at Nasdaq First North
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.
The unit issue of shares and warrants in Wyld Networks AB (“Wyld Networks” or the “Company”) that was implemented in connection to the listing of the Company’s share on Nasdaq First North Growth Market (“First North”) was registered at the Swedish Companies Registration Office the 13 July 2021. The warrants of series TO1 and TO2 will be taken up to trading on First North the 19 July 2021 and will be traded under the ticker “WYLD TO1” with ISIN-code SE0016075998, and the ticker “WYLD TO2” with the ISIN-code SE0016076004.
The warrants
The warrants of series TO1 and TO2 that was included in the offering of units in June 2021 has now been registered at the Swedish Companies Registration Office and the Company has received approval of Nasdaq First North for the warrants to be traded. First day of trading in the warrants of series TO1 and TO2 is set to be 19 July 2021.
One (1) warrant of series TO1 entitles of subscription of one (1) new share in the Company. The subscription price for one (1) share will correspond to 70 percent of the volume weighted average price during the period between 7 March 2022 and 18 March 2022. The subscription price can’t be lower than the quota value of the Company’s share or higher than SEK 13.75, meaning that the Company can raise a maximum of SEK 31.3 million through the warrants of series TO1.
One (1) warrant of series TO2 entitles of subscription of one (1) new share in the Company. The subscription price for one (1) share will correspond to 70 percent of the volume weighted average price during the period between 21 November 2022 and 2 December 2022. The subscription price can’t be lower than the quota value of the Company’s share or higher than SEK 16.50, meaning that the Company can raise a maximum of SEK 37.5 million through the warrants of series TO2.
Advisers
Mangold Fondkommission AB is financial advisor in connection with the offering. Advokatfirman Schjødt is legal advisor to Wyld Networks.
For further information, please contact:
Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com
Tel: +44 7 824 997 689
Certified Adviser
Mangold Fondkommission AB is acting as the Company’s Certified Adviser and can be reached on phone nr +46 8-5030 1550 and ca@mangold.s
About Wyld Networks AB
Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.
Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.
Important information
This announcement is not and does not form a part of any offer for selling, or a request to submit an offer to buy or acquire, shares or other securities of the Company.
Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, South Korea, Switzerland or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct a public offering of securities in the United States.
Matters discussed in this announcement may constitute forward-looking statements. Forward looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, "continue", “should” and similar expressions. This applies in particular to statements relating to future results, financial position, cash flow, plans and expectations of the Company’s operations and management, future growth and profitability, general economic and regulatory environment and other factors affecting the Company, many of which are based on further assumptions, such as no changes in existing political, legal, fiscal, market or economic conditions or applicable law (including but not limited to accounting principles, accounting methods and tax policies), which may or may not be of importance to the Company results or its ability to operate. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.
Potential investors should therefore not attach undue confidence to the forward-looking information herein, and potential investors are urged to read the parts of the EU growth prospectus that include a more detailed description of factors that may affect the Company’s operations and the market in which the Company operates.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date and could be subject to change without notice.