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FlexQube announces its intention to carry out a directed issue of up to approximately 800,000 shares



FlexQube AB (publ) ("FlexQube" or the "Company") (listed on Nasdaq First North Growth Market, under the ticker FLEXQ) hereby announces its intentions to carry out a directed new issue of up to approximately 800,000 shares in the Company (the "Share Issue"). The Share Issue is conditional upon FlexQube's Board of Directors resolving to issue new shares and that the board resolution is approved by a subsequent Extraordinary General Meeting. The Share Issue is intended to be directed at Swedish and international institutional investors. FlexQube has appointed Carnegie Investment Bank AB (publ) ("Carnegie") as Sole Global Coordinator and Sole Bookrunner to explore the conditions to carry out the Share Issue through an accelerated book-building procedure.

The Board of Directors of FlexQube intends to resolve on the Share Issue conditional upon the approval of a subsequent Extraordinary General Meeting. If the Board decides on the Share Issue, the Company will publish a separate notice to an Extraordinary General Meeting, which is expected to be held on 20 December 2021. The subscription price and the total number of shares issued in the Share Issue will be determined through the accelerated book-building procedure which will commence immediately after the publication of this press release. Pricing and allocation are expected to take place before the commencement of trading on Nasdaq First North Growth Market on 2 December 2021. The book-building procedure may be shortened or extended and may at any time be cancelled by the Company. The Company will announce the outcome in a subsequent press release after the book-building procedure has been completed.

The net proceeds from the Share Issue are intended to be used to finance the Company's continued expansion to become a global robotics company, strengthen the Company's sales and marketing capabilities and to scale the Company's operations.

The Board of Directors has carefully considered alternative financing sources, hereunder the possibilities of raising capital through a rights issue rather than a directed share issue, and the board has concluded that it is in the best interest of the Company and its shareholders to complete the Share Issue. The reason for deviating from the shareholders' pre-emptive rights is to secure financing of the Company's continued growth in the most time and cost-effective manner, to diversify the shareholder base and that conditions are not deemed to exist for carrying out a rights issue on favorable terms. The board of directors' assessment is that the subscription price in the Share Issue will accurately reflect current market conditions and demand as it will be determined through an accelerated book-building procedure.

The Company will, subject to certain exemptions and the completion of the Share Issue, undertake, in favor of Carnegie, not to issue additional shares for a period of 180 calendar days from the settlement date of the Share Issue. In addition, the members of the Company's Board of Directors as well as its management, subject to customary exemptions and the completion of the Share Issue, undertake, in favor of Carnegie, not to sell any shares in FlexQube for a period of 180 calendar days from the settlement date of the Share Issue. Carnegie may grant exemptions from these lockup periods.


Carnegie acts as Sole Global Coordinator and Sole Bookrunner in connection with the Share Issue. Baker & McKenzie Advokatbyrå KB acts as legal advisor to the Company in connection with the Share Issue.

For more information, please contact:

CEO, Anders Fogelberg
+46 702 86 06 74

CFO, Heidi Bader
+46 708 24 71 46

This information is such information FlexQube AB (publ) is obliged to make public in accordance with the (EU) Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out above on the 1st December 2021 at (17:31) CET.  

About FlexQube

FlexQube is a technology company headquartered in Gothenburg, Sweden with subsidiaries in USA, Mexico, Germany and England. FlexQube offers solutions for cart-based material handling using a patented modular concept. FlexQube develops and designs customized solutions for both robotic and mechanical cart logistics. Through the own developed and unique automation concept FlexQube can offer robust and self-driving robotic carts. FlexQube has more than 850 customers in 35 countries with primary markets being North America and Europe.

FlexQube's customers can be found within the manufacturing industry, distribution- and warehousing. Some examples of major customers are Tesla, Amazon, Volvo Cars, Siemens, Autoliv, Scania, Oda and Mann+Hummel.

The share (FLEXQ) is traded on Nasdaq First North Growth Market. FNCA Sweden AB, telephone +46 8-528 00 399, is the Company's Certified Adviser. Read more at

Important information

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in FlexQube in any jurisdiction, neither from FlexQube nor from someone else.

This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the new shares. Any investment decision in connection with the Share Issue must be made on the basis of all publicly available information relating to the Company and the Company's shares. Such information has not been independently verified by the Managers. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The Managers are acting for the Company in connection with the transaction and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for giving advice in relation to the transaction or any other matter referred to herein.

This announcement does not constitute a recommendation concerning any investor's option with respect to the Share Issue. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement and publicly available information. The price and value of securities can go down as well as up. Past performance is not a guide to future performance.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zeeland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. FlexQube has not authorized any offer to the public of shares or rights in any member state of the EEA and no prospectus has been or will be prepared in connection with the Share Issue. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (within the meaning of the United Kingdom version of the EU Prospectus Regulation (2017/1129/ EU) which is part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

Forward-looking statements

This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the ...

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