Hamilton is legal adviser to Cinnober Financial Technology Aktiebolag (publ) (”Cinnober” or the ”Company”), listed on Nasdaq First North, in connection with its directed share issue of SEK 180 million to a limited number of institutional investors on the basis of an accelerated bookbuilding process conducted by the Company’s financial adviser. The new share issue is conditional upon approval by the extraordinary general meeting to be held on 13 March 2017.
Cinnober intends to expand, and within a 24-month period, distribute its wholly-owned subsidiary operating with real-time clearing for banks (the “Subsidiary”). The capital raising from the directed issue will be used to finance the planned expansion of the Subsidiary.
SEB Corporate Finance, Skandinaviska Enskilda Banken AB is financial adviser to Cinnober in connection with the issue.