JonDeTech Sensors AB (publ) (”JonDeTech” or the ”Company”) today announces the outcome of the exercise of warrants of series TO2, which were issued in connection with a rights issue in the Company during the fourth quarter 2023. In total, 656,753,350 warrants of series TO2 were exercised, corresponding to approximately 72.6 percent of the total number of outstanding warrants of series TO2, for subscription of 656,753,350 shares at a subscription price of SEK 0.0234 per share. JonDeTech will receive approximately SEK 15.4 million before issuing costs through the exercise of the warrants of series TO2.
Background
The subscription period for exercise of the warrants of series TO2 took place during the period from and including January 12, 2024, up to and including January 26, 2024. The subscription price per share for exercising the warrants of series TO2 was set to SEK 0.0234.
In total, 656,753,350 warrants of series TO2 were exercised for subscription of 656,753,350 shares, meaning that approximately 72.6 percent of all outstanding warrants of series TO2 were exercised for subscription of shares. Through the exercise of the warrants of series TO2 JonDeTech will receive approximately SEK 15.4 million before issuing costs. Payment for a total of 7,179,488 exercised warrants of series TO2 has been made through set-off against outstanding claims against the Company.
Exercised warrants have been replaced with interim shares (IA), pending registration with the Swedish Companies Registration Office. The interim shares are expected to be converted to shares within approximately two (2) weeks.
Number of shares, share capital and dilution
Through the exercise of the warrants of series TO2, the number of shares in JonDeTech increases by 656,753,350 shares, from 1,050,232,864 shares to a total of 1,706,986,214 shares. The share capital will increase by SEK 3,612,143.43, from SEK 5,776,280.75 to SEK 9,338,424.18.
For existing shareholders who did not exercise any warrants of series TO2, the dilution amounts to approximately 38.5 percent of the number of shares and votes in the Company.
Comment from Leif Borg, CEO
– I want to thank current and new shareholders for your trust in the company and for seeing the same opportunities for JonDeTech as we do. 2024 will be a transformative year with commercialization as a significant focus. With the capital injection we now received, we are well financed to carry out all the activities required to reach the market with our products. It will be an eventful year, which we will continuously inform you about, says Leif Borg, CEO of JonDeTech.
Advisers
Mangold Fondkommission AB is financial adviser and Eversheds Sutherland Advokatbyrå is legal advisor for JonDeTech regarding the warrants.
For questions regarding the warrants, please contact:
Mangold Fondkommission AB
Tel: +46 8 5030 1595
E-mail: [email protected]
For further information about JonDeTech, please contact:
Leif Borg, CEO JonDeTech
Tel: +46 73 810 93 10
E-post: Leif.borg@jondetech
This information is information that JonDeTech Sensors AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the above contact person’s agency, at 08:05 CEST on 30, January 2024.
About JonDeTech
JonDeTech is a supplier of sensor technology. The company markets a portfolio of IR sensor elements based on proprietary nanotechnology and silicon MEMS. The nanoelements are extremely thin, built-in flexible plastic, and can be manufactured in high volumes at a low cost, which opens up for a variety of applications, such as temperature and heat flow measurements, presence detection, and gas detection. The company is listed on Nasdaq First North Growth Market. Redeye is the company’s Certified Adviser. Read more at : www.jondetech.se or see how the IR sensor works at : https://www.youtube.com/watch?v=mORloeCxbPE
Important information
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This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act“), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
