Members of management and the Board of Directors have subscribed for units in Risk Intelligence A/S ongoing rights issue
Risk Intelligence A/S ("Risk Intelligence" or the "Company") can today announce that members of management and board of directors have subscribed for units in the ongoing rights issue of units of approx. DKK 2.1 million (the "Rights Issue") in accordance with the subscription commitments communicated in the memorandum, together with the additional subscriptions commitments that was communicated in the press release published on the 12 October 2023.
The proceeds from the Rights Issue will be used to reestablish the equity, repay all short-term loans and for investments in new technology as well as to secure working capital for ongoing and upcoming growth initiatives. The Company also expects that the strengthened financial position, combined with increased market demand, will have a positive impact on discussions and negotiations with current and potential clients.
The Company has previously received subscription commitments of approximately DKK 6 million from the Board of Directors, management, current and new shareholders as well as guarantee commitments of approximately DKK 7.8 million, corresponding to a total of approximately 75.2 percent of the Rights Issue.
Financial advisor and issuing agent
Corpura Fondkommission AB (www.corpura.se) is acting as financial advisor and Mazanti-Andersen is acting as legal advisor to Risk Intelligence in connection with the Rights Issue. VP is acting as issuing agent and Nordic Issuing AB is acting as settlement agent.