Twiik’s SEK 12.1 Million Preferential Rights Issue

Moll Wendén advised Twiik AB on the deal.

Twiik AB is implementing a preferential rights issue of units to existing shareholders. If the rights issue is fully subscribed for, the company will initially raise approximately SEK 12.1 million before deduction of costs related to the rights issue. In the event of high demand, the board of directors has the possibility to allocate additional units equivalent to, at most, SEK 2.4 million before deduction of costs related to the rights issue. If, within the scope of the offer and any additional allotment, full subscription occurs and all warrants that are issued in the rights issue are exercised, the company may raise an additional SEK 24.2 million before the deduction of costs related to the rights issue.

Twiik offers digital solutions which enables personal trainers and gyms to create innovative digital exercising services and thus digitalise its service offer and make good exercise available to a larger target group. Twiik’s share is listed on Nasdaq First North Growth Market. Moll Wendén has acted as legal adviser and Mangold Fondkommission has acted as financial adviser to Twiik in connection with the rights issue.

The Moll Wendén’s team has mainly consisted of David Klose (Picture), Henric Stråth, John Lundberg, Alexandra Johansson, Alexander Blom Vigsø.

Involved fees earner: Alexandra Johansson – Moll Wendén; David Klose – Moll Wendén; John Lundberg – Moll Wendén; Henric Stråth – Moll Wendén; Alexander Blom Vigsø – Moll Wendén;

Law Firms: Moll Wendén;

Clients: Twiik AB;

Federica Tiefenthaler

Author: Federica Tiefenthaler