Hofseth BioCare ASA's Upcoming Share Offering Insights
Hofseth BioCare ASA's Subsequent Offering Overview
Hofseth BioCare ASA, known as HBC, has made an important announcement regarding its upcoming Subsequent Offering of new shares. This offering presents an exciting opportunity for existing shareholders and potential investors. The total gross proceeds expected from this offering is approximately NOK 30 million, achieved through the issuance of up to 16,666,666 new shares at the subscription price of NOK 1.80 per share, the same price established in a previous Private Placement.
Details About the Offering
The board of directors of HBC has conditionally approved moving forward with this Subsequent Offering, which is contingent upon authorization from the extraordinary general meeting (EGM) of shareholders. This meeting will determine whether the board can indeed issue the new shares in the upcoming offering.
Key Dates to Remember
For shareholders keen on participating, important dates include:
- Announcement Date: The terms of the offering were announced on 27 October 2025.
- Last Day Including Right: Shareholders have until 24 October 2025 to be eligible.
- Ex-Date: This will fall on 27 October 2025.
- Record Date: 28 October 2025 will be the date used for records.
- Approval Date: Approval is anticipated on or around 20 November 2025.
Eligibility for Shareholders
The Subsequent Offering will mainly target shareholders registered as of 24 October 2025, meeting specific criteria. Shareholders who have already participated in the Private Placement or reside in jurisdictions where this offering is not feasible will be excluded from this offering, which ensures compliance with relevant regulations.
Process Involved in the Offering
If the shares are not fully subscribed by eligible shareholders, any remaining shares may be made available to other investors deemed strategically important by HBC's board. These investors could include those from the prior Private Placement or new investors who meet certain criteria.
Market Conditions and Finalization
The launch of the subscription period will take place shortly after a prospectus is published. Market conditions will dictate whether the offering proceeds; if HBC's shares trade at or below the offering price for significant volumes, the company reserves the right to cancel the offering.
Contact Information
For any inquiries regarding this offering or the company, interested parties can reach Jon Olav Ødegård, CEO of HBC, at +47 936 32 966 or via email at joo@hofsethbiocare.no.
Frequently Asked Questions
What is the Subsequent Offering by Hofseth BioCare ASA?
The Subsequent Offering is a new share issuance aiming to raise NOK 30 million, allowing existing shareholders to acquire shares at NOK 1.80 each.
Who can participate in the offering?
Eligible participants include shareholders recorded by 24 October 2025, who have not already purchased shares in the prior Private Placement.
What happens if not all shares are sold?
If shares remain unsubscribed, they will be opened to secondary investors that the board identifies as strategically important.
When will the subscription period start?
The subscription period will commence soon after the prospectus for the subsequent offering is published.
Who can I contact for more information?
Interested parties can contact Jon Olav Ødegård, the CEO, for any inquiries regarding the offering.
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