Sweden’s Karolinska Development (Nasdaq Stockholm: KDEV) today revealed that its portfolio company OssDsign has carried out a directed share issue through an accelerated book-building procedure that brought the company approximately 158 million kronor ($16.5 million).
In connection with the directed share issue, the Uppsala-based company announced an updated strategy and revised its financial targets for the period 2025–2028.
Investors in the directed issue include both existing shareholders and new Swedish and international institutional investors such as Adrigo Asset Management, La financiere de L’Echiquier, Lancelot Asset Management AB, Linc AB and Tedde Jeansson through company. The subscription price in the directed issue was determined through an accelerated book-building procedure.
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