Smoltek’s IPO was subscribed to 168 percent

Smol­tek Nan­otech Hold­ing AB’s offer before the list­ing at Akti­eT­or­get was over­sub­scribed with 68 per­cent. In oth­er words, Smoltek’s IPO was sub­scribed for to 168 per­cent. The com­pany will receive 20,0 mil­lion SEK before the new share issue costs, which will amount to approx­im­ately 2,0 mil­lion SEK.

The sub­scrip­tion peri­od for Smoltek’s offer was ter­min­ated on Feb­ru­ary 9, 2018. 650 investors have applied for shares in the offer res­ult­ing in that Smol­tek have now 711 share­hold­ers. The num­ber of shares will increase by 1 117 300 shares to a total of 5 314 450 shares when the new share issue is registered at Bolags­ver­ket. In advance, a num­ber of qual­i­fied investors pre-com­mit­ted sub­scrip­tions for shares equi­val­ent to a value of 10,0 mil­lion SEK, cor­res­pond­ing to 50,0 per­cent of the offer.

The CEO of the nan­otech com­pany, Anders Johans­son, is very sat­is­fied with the res­ult of the new share issue:
”I think it is a fant­ast­ic res­ult with such a high sub­scrip­tion rate! It is encour­aging that hard­ware-related tech­no­logy now attracts such a great deal of interest, not least in these shaky times on the stock mar­kets. We have now estab­lished the fin­an­cial plat­form for our next phase”, says Anders Johansson.

Allocation and payment

Due to the high level of sub­scrip­tions can full alloc­a­tion not be made. Alloc­a­tion of shares has been decided by the board in agree­ment with the alloc­a­tion prin­ciples estab­lished in the inform­a­tion memor­andum dated in Janu­ary 2018.

Con­tract notes will be sent to sub­scribers who have been awar­ded alloc­a­tion on Feb­ru­ary 13 with set­tle­ment on Feb­ru­ary 16. The first day of trad­ing at Akti­eT­or­get will be Feb­ru­ary 26, 2018.

Part­ner Fondkom­mis­sion has been Smoltek’s fin­an­cial advisor.

About Smoltek

The Com­pany was foun­ded in 2005 and is a pub­lic com­pany based in Gothen­burg, Sweden. It spe­cial­izes in devel­op­ment of nano­struc­ture fab­ric­a­tion tech­no­logy to solve advanced mater­i­als engin­eer­ing prob­lems. Smol­tek has a port­fo­lio of 65 pat­ent assets, of which 48 are gran­ted today. The mar­ket seg­ment where Smol­tek is act­ive is called Advanced Pack­aging and is estim­ated by Research & Mar­kets in a mar­ket update from Septem­ber 2017 to grow with an aver­age of 7,19 per­cent per year (CAGR) dur­ing the peri­od 2016–2022 and have a mar­ket value of 40,33 MdUSD by year 2022.