Rights issue 2023

Rights issue

The Board of Directors of Cereno Scientific resolved on April 20, 2023, to carry out a rights issue with preferential rights for existing shareholders.

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Summary

• In the event the Rights Issue is fully subscribed, Cereno Scientific will receive approximately SEK 110 million before transaction costs.
• The Rights Issue is covered to approximately 1.0 percent through subscription commitments from the board of directors and management and to approximately 69.0 percent through underwriting commitments. Thus, the Rights Issue is secured to 70.0 percent through subscription commitments and underwriting commitments.
• The subscription period in the Rights Issue will take place from May 8, 2023 until and including May 24, 2023.
• Anyone who is registered as a shareholder in Cereno Scientific in the shareholder registry on the record date May 4, 2023, will receive one (1) unit right for each share owned in the Company. Two (2) unit rights give the right to subscribe for one (1) unit in the Rights Issue. One (1) unit consists of two (2) newly issued shares of series B and one (1) warrant of series TO3. The subscription price is SEK 1.60 per unit, corresponding to SEK 0.80 per share. The warrants are issued free of charge.
• Upon full exercise of all warrants of series TO3 in conjunction to the Rights Issue, to a maximum subscription price of SEK 1.60, the Company may be provided an additional amount of maximum approximately SEK 110 million before transaction costs.

Timetable for the Rights Issue

Further information and materials related to the rights issue will be available in due course.