Curasight A/S announces last day of trading in BTU and first day of trading in warrant series TO2 and TO3
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Copenhagen, Denmark, 11 October 2024 – Curasight A/S’s (“Curasight” or the “Company”) rights issue of units, with a subscription period that ended on 30 September 2024 (the “Rights Issue”), has now been registered with the Danish Business Authority (in Danish: Erhvervsstyrelsen) as a result of updated articles of association. Trading in paid subscribed units (“BTU”) will therefore cease and BTU will be replaced by warrants of series TO2 and series TO3. The last day of trading in BTU is 16 October 2024 and the record date is 18 October 2024. The first day of trading in warrants of series TO2 and TO3 is 17 October 2024.
During the period 16-30 September 2024, Curasight carried out a heavily oversubscribed rights issue of units that provided the Company with DKK 12,169.07. The Rights Issue has now been registered at the Danish Business Authority and the last day of trading in BTU is 16 October 2024 and the record day is 18 October 2024. Warrants of series TO2 and series TO3 are expected to be delivered to the investors’ respective VP accounts/depositories around 21 October 2024. The warrants of both series are expected to start trading on Spotlight Stock Market on 17 October 2024. Warrants of series TO2 have been assigned the ISIN code DK0063183207 and will be traded under the short name “CURAS TO2”. Warrants of series TO3 have been assigned the ISIN code DK0063183397 and will be traded under the short name “CURAS TO3”.
Warrants of series TO2 and series TO3
Warrants of series TO2 will have an exercise period that runs from and including 21 November 2024 until and including 5 December 2024. The exercise price for warrants of series TO2 will be set on the day before the commencement of the exercise period and will be based on the Volume Weighted Average Price of the Company's shares 20 trading days back, with a discount of 30 percent and be within the range DKK 11.50-15.55. Through the exercise of warrants of series TO2, Curasight can receive proceeds at a maximum of approximately DKK 57.3 million. The warrants of series TO2 will be subject to trading at Spotlight Stock Market.
Warrants of series TO3 will have an exercise period that runs from and including the 5 June 2025 until and including 19 June 2025. The exercise price for warrants of series TO3 will be set on the day before the commencement of the exercise period and will be based on the Volume Weighted Average Price of the Company's shares 20 trading days back, with a discount of 30 percent and be within the range DKK 15.55-19.40. Through the exercise of warrants of series TO3, Curasight can receive proceeds at a maximum of approximately DKK 35.7 million. The warrants of series TO3 will be subject to trading at Spotlight Stock Market.
The updated articles of association will be uploaded to Curasight’s website.
Advisors
Sedermera Corporate Finance AB is the Company's financial advisor in connection with the capitalization. DLA Piper is the Company's legal advisor. Nordic Issuing AB is the settlement agent.
Important information
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This press release neither identifies nor purports to identify risks (direct or indirect) that may be attributable to an investment in new securities. An investment decision due to the Rights Issue must be made on the basis of all publicly available information regarding the Company and the Company's shares. The information in this press release is published as background information only and does not claim to be complete. Accordingly, an investor should not rely solely on the information in this press release or its accuracy or completeness.
This press release does not constitute a recommendation for any investors' decisions regarding the Right Issue. Each investor or potential investor should conduct its own investigation, analysis and evaluation of the business and information described in this announcement and any publicly available information. The price and value of the securities may decrease as well as increase. Achieved results do not constitute a guide for future results.
This press release does not constitute an offer or invitation to acquire or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States without registration, or without application of an exemption from registration, under the then-current U.S. Securities Act of 1933 ("Securities Act") and may not be offered or sold in the United States without being registered, subject to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. There is no intention to register any securities mentioned herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be published, copied, reproduced or distributed, directly or indirectly, in whole or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Belarus, Russia, the United States or any other jurisdiction where such publication , publication or distribution of this information would be contrary to current regulations or where such an action is subject to legal restrictions or would require additional registration or other measures than what follows from Danish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation.
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