Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Analyst Comment

MapsPeople: Announces DKK 8.5m capital raise in private placement

By Kasper LihnHead of Research
MapsPeople

Today, MapsPeople announced that the company’s private placement has been successfully subscribed. The company raises approx. DKK 8.5 million (gross proceeds) in new capital.

Last week, MapsPeople announced that the company will raise DKK 7-9m in new capital, and the subscription period of the private placement ended today 28 November. In line with this announcement, MapsPeople today announced that the company will issue 7,151,781 new shares, subscribed for a market price of DKK 1.19 per share, corresponding to gross proceeds of DKK 8,510,619.75. The share price corresponds to the average closing price of the share in the period from 16 November 2023 to 22 November 2023.  

The new shares in the offering have, among others, been subscribed from MapsPeople's existing shareholders including EIFO, Kapitalforeningen BankInvest Select, MapsPeople's CEO Morten Brøgger, and members of the Board of Directors including Lars Brammer, Michael Gram, and Rasmus Mencke.

The payment of the subscription amounts and registration with the Danish Business Authority is expected to take place on 1 December 2023. The new shares will be admitted to trading in the existing ISIN code, which is expected to be on 5 December 2023. 

Read the full announcement here: https://www.mapspeople.com/blog/investor-news/mapspeople-a/s-announces-result-of-private-placement?utm_medium=email&_hsmi=284295708&_hsenc=p2ANqtz-_MoJQ9BmTGCKjYxSFFqcmwX-B9zpKtv7gU7K0KBRIYMO1NmP7WQ_21xtRRpM9l9em5XkBJBgqSdarBZXgciyJdRdpZouOENU6sxrsyXj_N4SG7toc&utm_content=284295708&utm_source=hs_email

HC Andersen Capital receives payment from MapsPeople for a Corporate Visibility/Digital IR subscription agreement. /Kasper Lihn 15:37, 28 November 2023.

MapsPeople is a Software-as-a-Service (SaaS) company focusing on digital mapping for indoor navigation. The two primary revenue streams are 1) MapsIndoors which is MapsPeople’s own developed mapping solution for indoor navigation 2) Google Maps partnership with Google. MapsIndoors is the key segment with high double-digit growth rates, and the Google Maps segment is expected to be a more steady business going forward. MapsPeople has a global presence with offices in Denmark, Germany, Singapore and United States, and customers include some of the largest brands in the world. The company has been listed at Nasdaq First North Premier in Denmark since June 2021.

Read more on company page
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.