XMReality: Directed share issue (SEK 56.3m)
Redeye regards the directed share issue positively. In our Q4 update, published yesterday, we commented on the potential need to raise cash before becoming profitable in 2023 – this has now been taken care of. To a large extent, the proceeds will be used to underpin XMReality’s rapid expansion and ambitious growth plans. The Company hereby raises approx.
SEK 56. 3m before transaction costs to a subscription price of SEK 8. 25 per share – corresponding to a discount of ~7% to yesterday’s closing price.
The principal investors are Investment Aktiebolaget Spiltan and Adrigo Small & Midcap, in addition to ~30 family offices and private investors. Redeye reiterates its fair value range and Base of SEK 10.