Acarix AB ("Acarix" or the "Company") has received oral declarations of intent to exercise Warrants of series TO 2 (the "Warrants") from a number of major holders of Warrants. The declarations of intent encompass 26,304,762 Warrants, corresponding to approximately 29 percent of the total number of Warrants.
Acarix CEO Aamir Mahmood comments: “These commitments from major warrant holders and committed shareholders underline the confidence of these stakeholders in Acarix and our product's potential. We are working hard to increase the availability of CADScor and look to the future with confidence. We are thankful and look forward to managing this trust.”
Acarix has received oral declarations of intent from a number of major holders of Warrants, including Life Science Invest Fund 1 ApS, Fredrik Lundgren, Wilhelm Risberg and Microtech Software AS regarding the exercise of Warrants. The declarations of intent encompass 26,304,762 Warrants, corresponding to approximately 29 percent of the total number of Warrants. The Warrants have an exercise period up to and including Wednesday, March 20, 2024, and each Warrant entitles the holder to subscribe for one new share at an exercise price of SEK 0.25 per share.
Complete terms and conditions for the Warrants are available on the Company's website and in the prospectus prepared by the Board of Directors of Acarix in connection with the Rights Issue. The prospectus is available on the Company's and Carnegie Investment Bank AB (publ)'s respective websites. It is also available on the Swedish Financial Supervisory Authority's website www.fi.se.
Shares and share capital
Upon full exercise of the Warrants, the number of shares in Acarix will increase by 90,573,602 to a total of 827,762,418 shares, and the share capital will increase by SEK 905,736.02 to SEK 8,277,624.18.
Exercise of warrants
Trustee-registered Warrants
If the warrant holder has their Warrants in a share depository, in an investment savings account (Sw. ISK), or an endowment insurance (Sw. Kapitalförsäkring) (trustee-registered holdings), subscription and payment will take place with the nominee, who will provide further instructions on the procedure for exercising the Warrants. Warrant holders should contact their nominee well in advance for further instructions regarding the exercise of Warrants, as different nominees have different processing times.
Directly registered Warrants (VP account)
Application is made via a subscription form available on Carnegie Investment Bank AB (publ)'s website www.carnegie.se and Acarix's website www.acarix.com. A pre-printed subscription form has been sent to directly registered warrant holders. Payment is made according to instructions on the application form. Both the subscription form and payment must be received by Carnegie Investment Bank AB (publ) by 20 March, 2024.
IMPORTANT INFORMATION
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This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction.
This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offer of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the USA, Australia, Belarus, Canada, Hong Kong, Japan, New Zeeland, Russia, Singapore, South Africa, South Korea, Switzerland or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
