JonDeTech Sensors AB (publ) (“JonDeTech” or the “Company”) issued warrants of series TO1 in connection with the Company’s rights issue that was carried in the fourth quarter of 2022. Each warrant entitles the holder to subscribe for one (1) new share in the Company. The subscription price has been set at 0.42 per share. The exercise period for the TO1 warrants runs from 1 February 2023 up to and including 15 February 2023.
Each warrant gives the right to subscribe for one (1) new share in the Company. The subscription price for the warrants of series TO1 has been set at SEK 0.42 per share, which corresponds to 70 percent of the volume weighted average price of the Company’s share on the Nasdaq First North Growth Market during the period from 16 January 2023 up to and including 27 January 2023.
The exercise period for the TO1 warrants runs from 1 February 2023 up to and including 15 February 2023. The full terms and conditions of the TO1 warrants are available on the Company’s website, Preferential rights issue 2022 (jondetech.se)
Summary of the terms and conditions of the TO1 warrants:
Exercise period: 1 February 2023 – 15 February 2023.
Subscription price: SEK 0.42 per share.
Issue size: 58,108,220 warrants of series TO1. If fully exercised 58,108,220 shares will be issued, raising approximately SEK 24.4 million for the Company, before issue costs.
Last day for trading in warrants of series TO1: 10 February 2023.
Share capital and dilution: If all warrants of series TO1 are fully exercised, the number of shares in the Company will increase from 89,912,251 shares to 148,020,471 shares and the share capital from SEK 3,436,224.513430 to SEK 5,656,977.389428. The dilution upon full exercise amounts to approximately 39.26 per cent of the number of shares and votes in the Company.
Please note that warrants of series TO1 that are not exercised by 15 February 2023, or alternatively are disposed of by 10 February 2023, will expire worthless. Active subscription of shares or disposal of warrants is required for the warrants not to lapse. Please note that some trustees may close their registration for the exercise of the warrants of series TO1 earlier than 15 February 2023.
Advisor
Vator Securities AB is acting as financial advisor and Eversheds Sutherland Advokatbyrå AB is acting as legal advisor in connection with the exercise of the warrants of TO1.
