InCoax Networks raises SEK 11.2 million in directed share placement at SEK 1.1 per share
- InCoax Networks set a directed share issue of 10,140,899 shares at SEK 1.1, raising about SEK 11.2 million gross.
- Issue split into two tranches; 5,590,904 shares under AGM authorization, 4,549,995 shares needs EGM approval on July 6.
- Tranche 2 allocates shares to board members, management, and key shareholders; pricing implies about a 13% discount to 30-day VWAP.
- Total dilution about 6.8% if both tranches complete; proceeds earmarked to fund operations until positive cash flow.
- Secured an additional SEK 5 million loan facility from Saugatuck Invest, on top of an existing SEK 25 million facility.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. InCoax Networks AB published the original content used to generate this news brief via Cision (Ref. ID: 202606151700BITN____UKPR__EN_20260615-BIT-8233-0) on June 15, 2026, and is solely responsible for the information contained therein.
