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.