With the directed issue of units amounting to SEK 35m, supplemented by SEK 20m in loans, Nanexa secures funding for its continued development activities into 2026. The loan includes an arrangement fee of 3% and carries an interest rate of 1% per month. The directed issue will result in a dilution of 13.5%, with an additional 15.9% dilution if the warrants are exercised (set at a subscription price of SEK 2.00 per share, representing a modest 21% premium to today’s price). The unit subscription price was set at SEK 1.65, reflecting a 9% discount from the previous day’s close. While the warrant subscription price could be considered quite generous to warrant holders, the single-digit discount in the directed issue spared shareholders from the deeper discount and heavier dilution that would likely have accompanied a rights issue. Therefore, second to securing an actual license agreement, the directed units issue and loan arrangement represent the most favourable financing option available to shareholders.
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