Dignitana: Secured rights issue announced - Redeye
Redeye comments on last night’s news about a 92.3% secured rights issue of SEK19.1m before costs. The subscription price is 1.90 per share and is dependent on the subsequent approval of the EGM. We see this as a natural step as the company is trying to speed up the US expansion and repay some debt to a degree. The shares may increase by 10m from 70.47m to 80.5m. The dilution effect for shareholders not participating in the rights issue is c12.5%. In conjunction with the rights issue, a bridge loan has also been taken of SEK5m.
Länk till analysen i sin helhet: https://www.redeye.se/research/984079/dignitana-secured-rights-issue-announced?utm_source=finwire&utm_medium=RSS