Crunchfish announces the result of the exercise of warrants series TO 10
Crunchfish AB (“Crunchfish” or the “Company”) today announces the result of the exercise of warrants series TO 10, which were issued in connection with the Company’s rights issue of units in November 2024. The result shows that a total of 8,021,780 warrants series TO 10 were exercised for subscription of 8,021,780 new shares in the Company, corresponding to approximately 90 percent of the total number of issued warrants series TO 10. Through the exercise, Crunchfish receives approximately SEK 4.7 million before transaction costs.
In November 2024, Crunchfish conducted a rights issue of units consisting of shares and warrants, where every unit consisted of two (2) shares, one (1) warrant series TO 10 and one (1) warrant series TO 11. In total, 8,931,034 warrants series TO 10 and 8,931,034 warrants series TO 11 were issued. Every one (1) warrant entitles the holder to subscribe for one (1) new share in Crunchfish. In accordance with the terms and conditions for the warrants series TO 10, the subscription price per share was set to SEK 0.58.
The subscription period is now complete and the result shows that a total of 8,021,780 warrants series TO 10 were exercised for subscription of 8,021,780 new shares in the Company, corresponding to approximately 90 percent of the total number of issued warrants series TO 10. This will bring a total of approximately SEK 4.7 million to Crunchfish before transaction costs.
Through the exercise of 8,021,780 warrants series TO 10, the number of shares in Crunchfish increases with 8,021,780 shares to 65,530,754 shares, and the share capital increases with SEK 369,001.880 to SEK 3,014,414.684. This entails a dilution of approximately 12.2 percent based on the number of outstanding shares in Crunchfish.
Delivery of new shares
Shares that have been subscribed and paid for will 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 shares in Crunchfish. The interim shares are expected to be converted to shares within two weeks.
Financial advisor, issuing agent and legal advisor
Västra Hamnen Corporate Finance AB is financial advisor and Nordic Issuing AB act as issuing agent to Crunchfish in connection with the exercise of warrants series TO 10. 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 TO 10 and TO 11 in Crunchfish has only been made through the EU growth prospectus that Crunchfish published on November 1, 2024.
For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com
The information was submitted for publication, through the agency of the contact person set out above, at 13:30 CET on March 3rd, 2025.
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 fintech company providing a Digital Cash solution enabling offline payments. The solution is designed for banks, payment services, and Central Bank Digital Currency (CBDC). Crunchfish Digital Cash augments payment systems by offering resilience in case of lost internet connections or server failures. The company, with headquarters in Malmö, Sweden and a subsidiary in India, is listed on Nasdaq First North Growth Market since 2016.
