H100 Group raises approximately 10 million SEK through a directed share issue

ChainCatcher reported that Swedish listed company H100 Group AB has announced the completion of a directed share issue, issuing approximately 1.79 million new shares to TOBAM Bitcoin Alpha Fund at an issue price of SEK 5.58 per share, raising about SEK 10 million (nearly $1.07 million). The company stated that the issue price was determined through negotiations with the investor, and the funds raised will be used to enhance capital flexibility. The new shares were issued without granting pre-emptive subscription rights to existing shareholders.