Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/lancefre/fragbitegroup.clients.eyeconmedia.se/wp-includes/functions.php on line 6114
FunRock AB (under name change to Fragbite Group AB) announces intention to carry out a directed new share issue - Fragbite Group

Press releases

Press releases

FunRock AB (under name change to Fragbite Group AB) announces intention to carry out a directed new share issue

08 June, 2021 at 02:00

THIS PRESS RELEASE CANNOT BE PUBLISHED, RELEASED, DISTRIBUTED, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, SINGAPORE, HONG KONG, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION WHERE PUBLICATION OR DISTRIBUTION OF INFORMATION MAY NOT BE COMPATIBLE BY LAW OR REQUIRE REGISTRATION OR OTHER ACTIONS.

FunRock AB (under name change to Fragbite Group AB (publ)) (“the Company” or “Fragbite”) hereby announces its intent to carry out a directed new share issue of approximately 6.3 million shares, which is intended to be decided by the Board of Directors with authorization received from the extraordinary general meeting on December 21 2020. (“the New share issue”). The New share issue will be directed to a limited number of qualified investors. Fragbite has appointed Skills Corporate Finance Nordic AB to examine the conditions for the New share issue.

The proceeds from the New share issue will further strengthen Fragbite’s financial position and thereby create opportunities in conjunction with ongoing acquisition discussions.

The New share issue starts today and lasts until around June 24, 2021.

The main reasons for deviating from the shareholders’ preferential rights are to continue to diversify the ownership base while carrying out the capital raising in a time-efficient manner.

The Company has 70 360 303 shares outstanding.

Advisor
Skills Corporate Finance Nordic AB is the financial advisor, and the law firm Lindahl KB is the legal advisor to Fragbite in connection to the New share issue.

Keep updated on news from Fragbite Group

Subsidiaries & Brands

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.