Stockwik Förvaltning AB’s board of directors has approved a share issue of 900,000 shares to ENDI Corp at SEK 23 per share, pending FDI clearance. The share issue will bring in gross proceeds of SEK 20.7 million, with ENDI Corp becoming the new main shareholder. The subscription price represents a 10% premium compared to the closing price of the company’s shares. The board members are also selling their shares to ENDI Corp, subject to FDI clearance. The Share Issue aims to strengthen the company’s financial position and focus on future growth opportunities.

ENDI Corp’s subscription is contingent on receiving FDI clearance by November 2025. The subscription price of SEK 23 per share was determined through arm’s length negotiations and reflects current market conditions. The share issue will increase the company’s shares and votes by 900,000 shares, resulting in a dilution of approximately 12.5%. The company has also committed not to issue shares below SEK 23 until December 2025. ENDI Corp plans to request an extraordinary general meeting for electing new board members post FDI clearance and completion of the share issue.

The decision to issue shares to ENDI Corp was made after careful consideration and assessment of raising capital through various means. The board believes this share issue is the most favorable alternative for the company and its shareholders. Stockwik aims to leverage this opportunity to strengthen its shareholder base and enhance its growth prospects. With ENDI Corp’s financial support and expertise, Stockwik looks forward to unlocking new opportunities for sustainable growth.

Read more at GlobeNewswire: Stockwik has resolved on a directed share issue of 900,000