Sivers Semiconductors Raises SEK 95 Million Through Share Issue

Sivers Semiconductors Completes Successful Directed Share Issue

Sivers Semiconductors AB (publ) (Nasdaq Stockholm: SIVE) has successfully executed a directed share issue, raising approximately SEK 95 million. This funding will enable the company to accelerate research and development initiatives and enhance its market presence in key sectors.

Details of the Directed Share Issue

In line with the authorization received from the Annual General Meeting, the company has issued 25,675,675 ordinary shares at a price of SEK 3.70 per share. This price was established through an accelerated bookbuilding process facilitated by Pareto Securities AB, reflecting current market demand.

Participation from Investors

Strategic involvement came from various Swedish and international institutional investors, along with participation from board members and key management personnel, which included CEO Vickram Vathulya. A significant portion of the raised funds will support ongoing growth and development projects.

Purpose Behind the Fundraising

The decision to conduct this share issue aligns with Sivers Semiconductors' mission to solidify itself as a premier player in supplying advanced wireless and laser solutions for sectors such as SATCOM and AI datacenters. The funds raised will support the following:

1. 60% for Research and Development: Enhance product development and expedite new market entries.
2. 20% for Strategic Investments: Build product capabilities to improve competitiveness.
3. 20% for Strengthening Capital Structure: Optimizing the company's financial health to support sustainable growth.

Rationale for Deviating from Shareholder Rights

Sivers Semiconductors made the strategic choice to deviate from shareholders' preferential rights in this instance. The management believes that diversifying the shareholder base through institutional investors will enhance liquidity. Additionally, a rights issue would involve longer processes and higher risks regarding stock price volatility during challenging market conditions. Thus, the execution of a directed share issue is deemed to be a more beneficial approach for capital raising.

Impact on Share Capital and Dilution

This directed share issue will result in an increase in the company's share capital by SEK 12,837,837.5, raising it from SEK 142,828,948.5 to SEK 155,666,786.0. The total shares will rise from 285,657,897 to 311,333,572, leading to an approximate dilution of 8.2% for existing shareholders.

Lock-up Agreement

After the closing of this directed share issue, a lock-up period has been established for 180 calendar days regarding future share issuances. Board members and the executive team have also agreed to a 90-day lock-up on their shares

About Sivers Semiconductors

Sivers Semiconductors is dedicated to enabling a sustainable data economy through innovative photonics and wireless solutions. With cutting-edge laser and RF beamforming technologies, the company is committed to addressing key challenges in AI datacenters, SATCOM, Defense, and Telecom sectors, ensuring environmental efficiency alongside performance.

Frequently Asked Questions

What was the total amount raised in the share issue?

Sivers Semiconductors raised approximately SEK 95 million through the directed share issue.

What will the proceeds be used for?

The proceeds will primarily fund research and development, strategic investments, and optimize the company’s capital structure.

How many shares were issued in the directed share issue?

A total of 25,675,675 ordinary shares were issued at a price of SEK 3.70 each.

What is the impact of the share issue on existing shareholders?

The share issue will result in an approximate dilution of 8.2% for existing shareholders.

Who managed the directed share issue?

Pareto Securities AB acted as the Manager for the directed share issue.

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