Heliospectra AB Sees Significant Share Dilution Due to Main Shareholders' Warrant Exercise

Strategic Insights -

Heliospectra AB has announced that its main shareholders, Weland Stal Aktiebolag, Agartha AB, and Corespring New Technology AB, have exercised warrants of series 2024/25, resulting in the issuance of 30,764,103 new shares. This move was facilitated by a SEK 20 million guarantee provided by the main shareholders in favor of the company. The guarantee was used as a basis for the warrants, which were exercised at a subscription price of approximately SEK 0.004 per share, corresponding to the quota value of the company's shares.

The exercise of the warrants has led to a significant increase in the company's share capital and the number of outstanding shares. The share capital has increased by SEK 126,043.558630, from SEK 1,000,000.00 to SEK 1,126,043.558630, and the number of shares has increased by 30,764,103, from 244,075,170 to 274,839,273. As a result, existing shareholders can expect a dilution effect of approximately 11.2 percent of their total shareholdings in the company.

Key Takeaways:

  • The main shareholders have exercised a total of 30,764,103 warrants of series 2024/25, leading to the issuance of 30,764,103 new shares.
  • The warrants were obtained as a result of a SEK 20 million guarantee provided by the main shareholders in favor of the company.
  • The guarantee was provided pro rata in relation to the main shareholders' mutual shareholding in the company at the time of the company's invocation of the guarantee.
  • The annual general meeting on June 27, 2024, resolved to issue and approve transfers of the warrants free of charge for the purpose of converting the main shareholders' investments under the guarantee into equity instruments of the company.
  • The exercise of the warrants has resulted in a significant increase in the company's share capital and the number of outstanding shares.
  • The dilution effect for existing shareholders is approximately 11.2 percent of their total shareholdings in the company.
  • The warrants were subscribed to at a subscription price of approximately SEK 0.004 per share, corresponding to the quota value of the company's shares.

Statistics:

  • 30,764,103 warrants of series 2024/25 were exercised, resulting in the issuance of 30,764,103 new shares.
  • The guarantee was SEK 20 million.
  • The subscription price of the warrants was approximately SEK 0.004 per share.
  • The dilution effect for existing shareholders is approximately 11.2 percent.
  • The company's share capital has increased by SEK 126,043.558630.
  • The number of shares in Heliospectra AB has increased by 30,764,103.

Sources:

  • Heliospectra AB (publ) news release
  • Annual general meeting of Heliospectra AB on June 27, 2024