The subscription period for the warrants of series TO6 starts today, November 27th, 2023
27 Novembre 2023 - 8:30AM
The subscription period for the warrants of series TO6 starts
today, November 27th, 2023
Today, November 27th,
2023, marks the commencement of the exercise period for
subscription of warrants of series TO6 in Terranet AB (publ)
(”Terranet” or the” Company”). The exercise period for warrants of
series TO6 runs up until and including December
11th, 2023. Each warrant gives
the right to subscribe for one (1) new share of series B in the
Company to the price of SEK 0.054. The invested amount must be
rounded up to two decimal places. For the warrants not to expire
without value, the owner must actively subscribe for new shares no
later than December 11th 2023,
alternatively sell their warrants by the
6th of December, 2023. Please
observe that certain nominees might close their application period
earlier than December 11th,
2023.
The letter to holders of warrants of series TO6
is available on the Company's website www.terranet.se.
Summarized terms for the warrants of
series TO6: Subscription period: November 27, 2023 –
December 11, 2023.
Issue size: 182,664,660 warrants of series TO6,
which entitles to subscription of 182,664,660 B-shares. If all
warrants are exercised, the Company will receive approximately SEK
9.9 million before issuing costs.
Exercise price: SEK 0.054 per B-share.
Last day for trading warrants of series TO6:
December 6, 2023
Share capital and dilution: If all warrants are
exercised the share capital will increase with SEK 1,826,646.6,
from SEK 6,393,858.6 to SEK 8,220,505.2. If all warrants are
exercised the number of shares in the Company will increase with
182,664,660 B-shares, from 639,385,860 shares (divided into
1,084,463 A-shares and 638,301,397 B-shares), to 822,050,520
shares. If all warrants of series TO6 are exercised, the dilution
will amount to approximately 22.2 percent of the number of shares
in the Company.
Please be advised: The invested amount must be
rounded up to two decimal places.
Please note that warrants that are not
exercised no later than December
11th, 2023, or sold no later than
December 6th, 2023, will expire
without value. For warrants not to lose their value, the holder
must actively subscribe for new shares or sell the
warrants.
How warrants are
exercised:Nominee-registered warrants (Custody
account)Subscription and payment by exercise of warrants
shall be made in accordance with instructions from each nominee.
Please contact your nominee for additional information.
Direct-registered warrants (Securities
account)No accounts for issuing nor any instructions
regarding payments will be sent out. Subscriptions will be made
through simultaneous payment in accordance with the instructions on
the application form.The warrants will then be replaced by interim
shares awaiting registration at the Swedish Companies Registration
Office.
The application form including instructions for
payment is available on Terranet´s website, www.terranet.se, and on
Mangold Fondkommission AB’s website, www.mangold.se.
AdvisersMangold Fondkommission
AB is the financial advisor and the issuing agent to Terranet AB in
connection with the exercise of series TO6 warrants. Eversheds
Sutherland Advokatbyrå AB is the legal advisor to the Company in
connection with the exercise of series TO6 warrants.
For questions regarding the warrants,
please contact:Mangold Fondkommission
ABTel: +46 8 5050 1595E-mail: emissioner@mangold.se
For more information, please
contact:Magnus Andersson, CEOTel: +46 7
0777 8538
or
Dan Wahrenberg, CFOTel: +46 7
0337 0346E-mail: dan.wahrenberg@terranet.se
About Terranet AB
(publ)Terranet is on a mission to save lives in urban
traffic.
We develop breakthrough tech solutions for
Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles
(AV) that protect vulnerable road users.
With a unique patented vision technology,
Terranet’s anti-collision system BlincVision laser scans and
detects road objects up to ten times faster and with higher
accuracy than any other ADAS technology available today.Terranet is
based in Lund, Sweden, and in the heart of the European automotive
industry in Stuttgart, Germany. The company is listed on Nasdaq
First North Premier Growth Market since 2017 (Nasdaq: TERRNT
B).
For more information, please visit Terranet´s
website www.terranet.se.
Certified Adviser to Terranet is Mangold
Fondkommission AB, ca@mangold.se.
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