The subscription price for exercise of warrants of series TO6 in Terranet AB has been set to SEK 0.054 per share of series B. The exercise period begins on Monday, November 27th, 2023.
November 24 2023 - 1:00AM
The subscription price for exercise of warrants of series TO6 in
Terranet AB has been set to SEK 0.054 per share of series B. The
exercise period begins on Monday, November 27th, 2023.
Terranet AB (” Terranet” or the” Company”) issued
182 664 660 warrants of series TO6 in connection with the
Company’s rights issue in the second quarter of 2023. Each warrant
gives the right to subscribe for one (1) new share of series B in
the Company. The subscription price for the warrants of series TO6
shall correspond to 70 percent of the volume weighted average price
of the Company´s share on Nasdaq First North Premier Growth Market
during the measurement period from and including the
10th of November 2023 up until
and including the 23rd of
November 2023. However, not lower than the nominal value of the
Company's share, and not higher than SEK 0.27 per share. The
volume-weighted average price of the Company's share of series B
during the measurement period amounted to approximately SEK 0.077.
Thus, the subscription price has been determined to SEK 0.054. The
invested amount must be rounded up to two decimal places. The
exercise period for warrants of series TO6 runs from November
27th, 2023, up until and
including December 11th,
2023.
Complete terms and conditions for the warrants of series TO6 are
available on the Company's website www.terranet.se.
AdvisersMangold Fondkommission
AB is the financial advisor and the issuing institution to Terranet
AB in connection with the exercise of series TO6 subscription
warrants. Eversheds Sutherland Advokatbyrå AB is the legal advisor
to the Company in connection with the exercise of series TO6
subscription 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 0346 E-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.
- Fastställande av villkor TO6 - Terranet AB ENG
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