Gaming Hardware Producer Asetek Initiates Fully Underwritten Rights Issue

The Danish OEM developer Asetek A/S has published a prospectus in connection with its fully underwritten rights issue and application for listing on Nasdaq Copenhagen (i.e. a dual listing). Kromann Reumert has advised Asetek on the matter.

On 8 March 2023, Asetek A/S ("Asetek") published its intention to carry out a fully underwritten rights issue and to raise gross proceeds of approximately DKK 140,000,000 to cover its expected working capital short fall in mid-may 2023.

Yesterday, 18 March 2023, Asetek published a prospectus in connection with initiating the rights issue. The rights issue comprises 71,166,667 new shares, which are issued with preemptive rights to subscribe for the new shares for Asetek's existing shareholders at a subscription ratio of 1:1, meaning that one preemptive right will entitle the holder to subscribe for one new share. The subscription price is NOK 3 per new share.