XMReality AB (publ) initiates measurement period for the exercise price of warrants
Today, on April 21, 2023, the measurement period (VWAP period) begins to determine the exercise price for the warrants of series TO1, which were issued in connection with XMReality AB (publ) ("XMReality" or "the Company") rights issue in the fourth quarter of 2022.
The exercise price for the warrants will be determined to 70 percent of the volume-weighted average price during the measurement period, from April 21, 2023, to May 5, 2023. The exercise price will be a minimum of SEK 0.55 per share and a maximum of SEK 1.00 per share.
A total of 47,555,269 warrants of series TO1 were issued. Two (2) warrants of series TO1 gives the right, during the period of May 8, 2023, to May 19, 2023, to subscribe for one (1) new share in XMReality.
When the exercise price for the warrants has been determined, XMReality will issue a new press release.
For more information, please contact:
Jörgen Remmelg, CEO XMReality
Phone: +46 739 822 409
E-mail: jorgen.remmelg@xmreality.se
About XMReality Remote Guidance™
XMReality Remote Guidance is an AR-enabled knowledge sharing tool that lets you communicate with gestures, speech, chat and pointers with someone at a completely different place. It includes:
- A unique hands-overlay technology that lets you guide someone else’s hands—as if you were there.
- A web portal to manage teams and users, and to measure usage
- Integration through client-side API’s (Application Programming Interfaces)
About XMReality
XMReality AB (publ) develops and sells solutions that revolutionize knowledge transfer through so-called Augmented Reality (AR). The company is a market leader in remote guidance where you guide a person on site via AR to solve problems or prevent them from occurring. The product is used globally in more than 60 countries. Nestlé, Electrolux, Sidel, Heineken and Saab are examples of the more than 125 customers. XMReality is based in Linköping and in the U.S. and is listed on the Nasdaq First North Growth Market (ticker: XMR). For more information, visit: www.xmreality.com
