During the first quarter of 2021, in connection with the listing on the Nasdaq First North Growth Market, EKOBOT AB (publ) (“Ekobot” or “the Company”) issued 465,000 warrants of series TO1.
Each warrant entitles the holder to subscribe for one (1) new share in the Company. The subscription price for the options of series TO1 shall be set at the volume-weighted average price paid in the Company's share on Nasdaq First North Growth Market during the measurement period from 1 April 2022 to 14 April 2022 with a discount of 25 percent, but not higher than 44.00 SEK and not lower than 22.00 SEK. The volume-weighted average price paid in the Company's share during the measurement period amounted to approximately SEK 8.74 and thus the subscription price is set at SEK 22.00. The subscription period for warrants of series TO1 runs from 19 April 2022 until 3 May 2022.
If all warrants of series TO1 are exercised, the Company will receive SEK 10.23 million before issue costs.
Complete terms and conditions for the warrants are available at the Company's website, www.ekobot.se
Summary terms for the warrants of series TO1
| Utilization period | 19 April – 3 May 2022 |
| Subscription price SEK 22.00 | Subscription price SEK 22.00 |
| Issue Volume | Issue volume 465,000 warrants of series TO1. Upon full utilization, 465,000 shares are newly issued and the Company can receive up to SEK 10.23 million, before issue costs. |
| Last day for trading in warrants of series TO1 28 April 2022 | 28 April 2022 |
Note that warrants that are not exercised by May 3, 2022, will alternatively be sold
no later than April 28, 2022, expires useless. To your warrants of series TO1
not to expire, you are required to actively subscribe for shares or sell your warrants. Please note that some trustees may close their application earlier than 3 May 2022
