Amniotics procures top guarantee commitments and enters into additional subscription undertakings for a fully secured rights issue
September 6, 2023
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On August 31, 2023, the Board of Directors of Amniotics AB (publ) (“Amniotics” or the “Company”) resolved, subject to subsequent approval at the extraordinary general meeting in the Company on October 3, 2023, to carry out an issue of units consisting of shares and warrants with preferential rights for the Company’s existing shareholders of approximately SEK 25 million (the “Rights Issue”). Amniotics hereby announces that the Company has secured a top guarantee syndicate, consisting of, among others, Max Mitteregger and the Company’s board member Fredrik Tiberg, in addition to the previously announced guarantee syndicate. The top guarantee syndicate has provided top guarantees of in total SEK 5 million, corresponding to approximately 20 percent of the Rights Issue. Furthermore, the Company has previously communicated that the Company’s CEO and board member Marcus Larsson, via Deflexum AB, Chairman of the Board Peter Buhl Jensen and board members Ingrid Atteryd Heiman and Fredrik Tiberg, have given subscription intentions of in total approximately SEK 3.0 million, corresponding to approximately 11.9 percent of the Rights Issue. Amniotics hereby announces that those who have given subscription intentions have now, through subscription undertakings, formally undertaken to subscribe for units in the Rights Issue. The Rights Issue is thus covered by subscription undertakings, bottom and top guarantee commitments amounting to approximately SEK 25 million, corresponding to 100 percent of the Rights Issue. Hence, the Rights Issue is now fully secured.
In addition to the previously communicated guarantee commitments, Amniotics has secured a top guarantee syndicate, consisting of, among others, Max Mitteregger and the Company’s board member Fredrik Tiberg, for a total of SEK 5 million, corresponding to approximately 20 percent of the Rights Issue. For the top guarantee commitments, cash guarantee compensation of sixteen (16) percent of the guaranteed amount is paid.
Furthermore, the Company has previously announced that the Company’s CEO and board member Marcus Larsson, via Deflexum AB, Chairman of the board Peter Buhl Jensen and board members Ingrid Atteryd Heiman and Fredrik Tiberg, have given subscription intentions of in total approximately SEK 3.0 million, corresponding to approximately 11.9 percent of the Rights Issue. Since the announcement, the Company has now received formal subscription undertakings from all of those who previously communicated subscription intentions. Through the subscription undertakings, Deflexum AB has undertaken to subscribe for approximately SEK 2.5 million, Peter Buhl Jensen has undertaken to subscribe for SEK 250 thousand, Ingrid Atteryd Heiman has undertaken to subscribe for SEK 10 thousand and Fredrik Tiberg has undertaken to subscribe for approximately SEK 194 thousand. No compensation is paid for subscription undertakings received.
The Rights Issue is thus covered by subscription undertakings of approximately SEK 6.5 million, bottom guarantee commitments of approximately SEK 13.5 million, and top guarantee commitments of SEK 5 million, which in summary means that the Rights Issue is secured to approximately SEK 25 million, corresponding to 100 percent of the Rights Issue. Hence, the Rights Issue is now fully secured.
Redeye AB acts as financial advisor and Setterwalls Advokatbyrå AB acts as legal advisor to Amniotics in connection with the Rights Issue. Nordic Issuing acts as issuer agent in connection with the Rights Issue.
For more information, contact: Marcus Larsson
CEO, Amniotics AB
Phone: +46 (0) 763 0840 91
This information is information that Amniotics AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 6 September 2023 [time] CEST.
About AmnioticsAmniotics is a biopharma company focusing on mesenchymal stem cells (MSC) from amniotic fluid. The company was born out of the discovery of a novel source of stem cells in full-term amniotic fluid. Based on a decade of research at the internationally recognized Lund University Stem Cell Centre and the Skåne University Hospital of Lund, the company is pioneering the harvesting and propagation of tissue specific neonatal quality mesenchymal stem cells (MSC). These stem cells have unique properties for applications in regenerative medicine. Amniotics has also an, by Läkemedelsverket (Swedish MPA), approved Good Manufacturing Practice (GMP) facility to produce Advanced Therapy Medicinal Products (ATMPs). With the GMP facilities operational since 2020, Amniotics is now in clinical phase with the leading drug candidate PulmoStem™. The company is looking to establish strategic partnerships with researchers and companies that are interested in developing stem-cell-based therapies targeting diseases with high unmet needs.
The company is listed at Nasdaq First North Growth Market in Stockholm.
Amniotics Certified Adviser at First North is Redeye AB, e-post: firstname.lastname@example.org.
Learn more at www.amniotics.com.
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Amniotics. No action has been taken and measures will not be taken to permit a public offering in any jurisdictions other than Sweden. Any invitation to the persons concerned to subscribe for units in Amniotics will only be made through the Prospectus that Amniotics estimates to publish on 9 October 2023 on Amniotics’s website, www.amniotics.com (the “Prospectus”) The upcoming approval of the Prospectus by the Swedish Financial Supervisory Authority shall not be regarded as an approval of the shares, warrants or any other securities. This release is however not a prospectus in accordance with the definition in the Prospectus Regulation (EU) 2017/1129 (“Prospectus Regulation”) and this announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in shares, warrants or other securities in Amniotics. In order for investors to fully understand the potential risks and benefits associated with a decision to participate in the Rights Issue, any investment decision should only be made based on the information in the Prospectus. Thus, investors are encouraged to review the Prospectus in its entirety. In accordance with article 2 k of the Prospectus Regulation this press release constitutes an advertisement.
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