The conversion, which increases the total number of outstanding shares to 173,522,461, results in a dilution of existing holdings by approximately 2.8 percent. GomSpace will see its share capital rise by SEK 339,731.14 to a total of SEK 12,146,572.27, providing the company with roughly SEK 340,000 in fresh cash proceeds.
In section Releases
Peter Hargreaves Increases Stake in GomSpace via Warrant Exercise
Peter Hargreaves, the largest shareholder of GomSpace Group AB, has exercised 3,301,566 warrants to acquire 4,853,302 new shares. The transaction, tied to a previously disclosed EUR 18 million credit facility, bolsters the satellite manufacturer's equity ratio as it seeks to secure larger government and commercial contracts.
CEO Carsten Drachmann noted that the move signals long-term commitment from the firm’s primary investor. For the Aalborg-based company, which operates in over 60 countries, a strengthened balance sheet serves as a critical tool for competitive bidding in the global small satellite market. The warrants were exercised at the quotient value of SEK 0.07 per share, following a recalculation process necessitated by the company's 2023 rights issue.
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