Main Shareholders Who Have Provided a Capital Guarantee Have Exercised Obtained Warrants by Subscribing for Shares
(Gothenburg, Sweden, Jun 2, 2025, at 08:30 CEST) — Heliospectra AB (publ) ("Heliospectra" or the "Company") today announces that the main shareholders Weland Stål Aktiebolag, Agartha AB and Corespring New Technology AB (the "Main Shareholders"), have exercised a total of 30,764,103 warrants of series 2024/25 through subscription of new shares in the Company (the "Warrants"). The Warrants were obtained as a result of the issued capital guarantee of a total of SEK 20 million (the “Guarantee”) and was resolved by the annual general meeting of 2024. The Guarantee has essentially been exercised to the maximum, thereby the Company has received approximately SEK 20 million. The Warrants have been subscribed to the quota value of the Company’s shares, in accordance with the general meeting’s issue resolution.
On May 28, 2024, the Company announced that the Main Shareholders had provided the Guarantee in favor of the Company, which was limited to a total amount of SEK 20 million. The Guarantee was provided pro rata in relation to the Main Shareholders' mutual shareholding in the Company at the time of the Company's invocation of the Guarantee. The Guarantee is limited in time until the annual general meeting of the Company in 2025. The annual general meeting on June 27, 2024, resolved to issue and approve to transfer the Warrants free of charge for the purpose of converting the Main Shareholders' investments under the Guarantee into equity instruments of the Company through the convertible elements.
In total, the Guarantee has been exercised for payment of a total of SEK 19,996,667, resulting in the Main Shareholders obtaining the Warrants in the above-mentioned volume. The Main Shareholders have today notified the Company that they have exercised the Warrants by subscribing for new shares in the Company at a subscription price of approximately SEK 0.004 per share, corresponding to the quota value of the Company’s shares.
Shares and share capital
Through the Warrants, the number of shares in Heliospectra will increase by 30,764,103, from 244,075,170 shares to 274,839,273 shares, and the share capital will increase by SEK 126,043.558630, from SEK 1,000,000.00 to SEK 1,126,043.558630. For existing shareholders, this means a dilution effect of approximately 11,2 percent of the total number of shares and votes in the Company based on the current number of shares and votes in the Company.