Modelon: Strong capital raise at substantial premium – Base case supported - Redeye
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Modelon: Strong capital raise at substantial premium – Base case supported - Redeye

Redeye comments on Modelons’ proposed directed share issue of SEK20m at SEK20 per share, representing an 84% premium, and simultaneously released Q2 ARR of SEK55.5m. We view the directed share issue as offensive and strong signal of confidence in Modelon’s long-term outlook. Notably, the issue price is in line with our fair value Base Case of SEK21, reinforcing our conviction in the company’s intrinsic value.

Redeye comments on Modelons’ proposed directed share issue of SEK20m at SEK20 per share, representing an 84% premium, and simultaneously released Q2 ARR of SEK55.5m. We view the directed share issue as offensive and strong signal of confidence in Modelon’s long-term outlook. Notably, the issue price is in line with our fair value Base Case of SEK21, reinforcing our conviction in the company’s intrinsic value.
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