Wyld Networks AB’s warrants of series TO1 and TO2 is taken to trading at Nasdaq First North
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.
The unit issue of shares and warrants in Wyld Networks AB (“Wyld Networks” or the “Company”) that was implemented in connection to the listing of the Company’s share on Nasdaq First North Growth Market (“First North”) was registered at the Swedish Companies Registration Office the 13 July 2021. The warrants of series TO1 and TO2 will be taken up to trading on First North the 19 July 2021 and will be traded under the ticker “WYLD TO1” with ISIN-code SE0016075998, and the ticker “WYLD TO2” with the ISIN-code SE0016076004.
The warrants
The warrants of series TO1 and TO2 that was included in the offering of units in June 2021 has now been registered at the Swedish Companies Registration Office and the Company has received approval of Nasdaq First North for the warrants to be traded. First day of trading in the warrants of series TO1 and TO2 is set to be 19 July 2021.
One (1) warrant of series TO1 entitles of subscription of one (1) new share in the Company. The subscription price for one (1) share will correspond to 70 percent of the volume weighted average price during the period between 7 March 2022 and 18 March 2022. The subscription price can’t be lower than the quota value of the Company’s share or higher than SEK 13.75, meaning that the Company can raise a maximum of SEK 31.3 million through the warrants of series TO1.
One (1) warrant of series TO2 entitles of subscription of one (1) new share in the Company. The subscription price for one (1) share will correspond to 70 percent of the volume weighted average price during the period between 21 November 2022 and 2 December 2022. The subscription price can’t be lower than the quota value of the Company’s share or higher than SEK 16.50, meaning that the Company can raise a maximum of SEK 37.5 million through the warrants of series TO2.
Om Wyld Networks
Wyld Networks utvecklar och säljer innovativa trådlösa teknologilösningar som möjliggör prisvärd uppkoppling globalt.