The exercise period for Crunchfish’s warrants of series TO9 commences today
Crunchfish AB (“Crunchfish” or the “Company”) conducted a unit issue of shares and warrants of series TO9 in October 2021. The exercise period for the warrants commences today, December 5, 2022 and runs up to and including December 19, 2022. One (1) warrant entitles the holder to subscribe for one (1) new share in Crunchfish. The subscription price per share that is subscribed for through exercising the warrants has, in accordance with the terms and conditions for the warrants, been set to SEK 13.40. If all warrants are exercised, Crunchfish will receive a maximum of approximately SEK 23 million before issuing costs.
Summary of instructions and important dates
Holders of warrants who wish to exercise these for subscription of shares shall give notice regarding such exercise well before December 19, 2022. Warrants that have not been exercised on or before December 19, 2022, expire without value. Holders who do not wish to exercise their warrants may sell them. Trading with warrants is ongoing up to and including December 15, 2022.
Information folder is available on the Company’s, the issuing agent’s and Västra Hamnen Corporate Finance’s respective websites Crunchfish, Nordic Issuing and Västra Hamnen Corporate Finance.
Information folder will also be sent out to most nominee and directly registered warrant holders.
Detailed information and instructions for subscription
Exercise price etc.
One (1) warrant entitles the holder to subscribe for one (1) new share in Crunchfish. The subscription price per share that is subscribed for through exercising the warrants has, in accordance with the terms and conditions for the warrants, been set to SEK 13.40. The subscription price has been defined as 70 percent of the volume-weighted average price for the Company’s share during the period November 16 – November 30, 2022.
Exercise of nominee-registered warrants
Holders of warrants who have their holdings nominee-registered (holdings in securities custody services, investment savings accounts (ISK) or endowment insurances) must notify the exercise of warrants by contacting their respective nominee and follow the nominee’s instructions regarding subscription and payment. This should take place well before December 19, 2022, as different nominees have different processing times.
Exercise of directly registered warrants
Holders of warrants who have their holdings directly registered (holdings on a VP account) must notify the exercise of warrants by completing and submitting an application form for the exercise, so that the application form is received by the issuing agent, Nordic Issuing, no later than December 19, 2022. The application form is available on the Company’s, the issuing agent’s and Västra Hamnen Corporate Finance’s respective websites (www.crunchfish.com, http://www.nordic-issuing.se, http://www.vhcorp.se). Please note that payment for the new shares must be received by Nordic Issuing no later than December 19, 2022, in accordance with the instructions on the application form.
Trading in TO9
Holders who do not wish to exercise their warrants may sell them on Nasdaq First North Growth Market. The warrants are traded up to and including December 15, 2022, under the short name CFISH TO9 with ISIN code SE0016843346. Warrants that are not exercised on December 19, 2022 at the latest or sold on December 15, 2022 at the latest, will expire without value.
Outcome and delivery of new shares
The outcome of the exercise of warrants will be published via a press release on or around December 21, 2022. Shares that have been subscribed and paid for may be registered on the subscriber’s securities depository as interim shares (IA) until registration of the issue has been completed with the Swedish Companies Registration Office, whereupon the interim shares automatically will be converted into ordinary shares in Crunchfish.
Number of warrants, possible proceeds and dilution
The number of warrants amounts to 1,718,072. Upon full exercise of all warrants, Crunchfish will receive approximately SEK 23 million before issuing costs. Upon full exercise of all warrants, the number of shares in Crunchfish will increase with 1,718,072 shares to 33,154,370 shares and the share capital will increase with SEK 79,031.312 to SEK 1,525,101.020. This entails a dilution of approximately 5.2 percent based on the number of shares in Crunchfish after full exercise of all warrants.
Financial advisor, issuing agent and legal advisor
Västra Hamnen Corporate Finance AB is financial advisor and Nordic Issuing act as issuing agent to Crunchfish in connection with the exercise of warrants of series TO9. Setterwalls Advokatbyrå AB is legal advisor.
IMPORTANT INFORMATION
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 Crunchfish. An offer to concerned persons to subscribe for units consisting of shares and warrants series TO9 in Crunchfish has only been made through the prospectus that Crunchfish published on October 6, 2021.
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com
This information was provided by the contact person above for publication on 5 December 2022 at 08:30 CET.
Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.
About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.
