THIS PRESS RELEASE MAY NOT BE PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN OR TO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, UNITED KINGDOM, SOUTH AFRICA, RUSSIA, BELARUS, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IS IN WHOLE OR IN PART SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN XMREALITY AB. SEE THE “IMPORTANT INFORMATION” SECTION AT THE END OF THIS PRESS RELEASE.
On June 28, 2024, the XMReality AB (publ) ("XMReality" or the "Company") announced that the Board of Directors resolved upon a new issue of shares with preferential rights for the Company's existing shareholders of approximately SEK 36.7 million (the “Rights Issue”). The Board of Director's resolution of the Rights Issue was approved by an Extra General Meeting held on July 31, 2024. A prospectus, which has been prepared in connection with the Rights Issue, has today on August 2, 2024, been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (the “SFSA”, the “Prospectus”). The Prospectus is available at XMRealitys' website (www.xmreality.com) and Carnegie's website (www.carnegie.se).
Prospectus
The Prospectus that XMReality has prepared in connection with Rights Issue has today been approved by the SFSA. The Prospectus, containing complete terms and instructions, and application forms can be obtained from XMReality and Carnegie and is available at XMReality's website (www.xmreality.com) and Carnegie's website (www.carnegie.se). The Prospectus will also be available at the website of the SFSA (www.fi.se).
Timeplan for the Rights Issue
August 6 – August 15, 2024 | Trading in subscription rights |
August 6 – August 20, 2024 | Subscription period |
August 6 – August 29, 2024 | Trading in BTA |
August 21, 2024 | Estimated date for the announcement of the outcome of the Rights Issue |
Advisors
XMReality Group has engaged Penser by Carnegie, Carnegie Investment Bank AB (publ), and Ramberg Advokater KB as financial and legal advisors in connection with the Rights Issue.