Warrants of series TO3
In April, the exercise period for Alzinova AB’s (“Alzinova” or the “Company”) warrants of series TO3 (the “Warrants”) began, which were issued in connection with the Company’s rights issue of units that was completed in June 2022. The exercise period was between April 11, 2023 – April 25, 2023. Each Warrant entitled the holder to subscribe for one (1) new share in the Company at a price of SEK 2.17 per share. In order for the Warrants not to expire without value, the holder had to actively subscribe for shares no later than April 25, 2023, or alternatively sell the Warrants no later than April 21, 2023.
Summarized terms for the Warrants:
Exercise period: April 11, 2023 – April 25, 2023.
Subscription price: SEK 2.17 per share.
Issue volume: 12,967,612 Warrants. If all the Warrants are exercised, 12,967,612 shares are issued, and the Company will receive approximately SEK 28.1 million before issuing costs.
Last day for trading with Warrants: April 21, 2023.
Share capital and dilution: If all Warrants are exercised the share capital will increase with SEK 3,410,481.956, from SEK 8,526,205.942 to SEK 11,936,687.898. The number of shares will increase with 12,967,612 shares if all Warrants are exercised, from 32,416,034 shares to 45,386,646 shares. The dilution at full exercise of all Warrants amounts to approximately 28.6 percent of the number of shares and votes in the Company.
The Warrants that were not exercised at the latest April 25, 2023, or sold at the latest April 21, 2023, expired without value. For the Warrants not to lose their value, the holder had to actively subscribe for new shares or sell the Warrants. Some nominees may have closed their registration earlier than April 25, 2023.
Complete terms and conditions: Click here
How the Warrants were exercised:
Nominee-registered warrants (custody account)
Subscription and payment by exercise of warrants shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.
Direct-registered warrants (securities account)
No accounts for issuing nor any instructions regarding payments was sent out. Subscriptions had to be made through simultaneous payment in accordance with the instructions on the application form. The warrants will then be replaced by interim shares awaiting registration at the Swedish Companies Registration Office.
Instructions for subscription was made available on Mangold Fondkommission AB’s website, www.mangold.se.
Outcome of the exercise of warrants of series TO3 (the “Warrants”)
In total, 12,112,231 Warrants were exercised, corresponding to approximately 93.4 percent of the total number of outstanding Warrants, for subscription of 12,112,231 shares at a subscription price of SEK 2.17 per share. Alzinova will, when registered and completed, receive approximately SEK 26.3 million before issuing costs through the exercise of the Warrants.
Advisers
Mangold Fondkommission AB was the financial adviser, Fredersen Advokatbyrå AB was the legal adviser and Shark Communication was the communication adviser to the Company in connection with the exercise of the Warrants.
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