FlexQube AB (publ) has resolved on a directed share issue which will provide the company approximately SEK 63 million before issue costs. The subscription price in the share issue has been decided through an accelerated book-building procedure.
FlexQube offers a unique and patented concept for design and manufacturing of robust, modular and flexible carts and storage racks. The company manufactures in Sweden and the U.S. with distribution in Europe and North America, including Mexico. FlexQube is listed on Nasdaq First North in Sweden.
The net proceeds from the directed share issue will among other things finance FlexQube’s continued growth and the market introduction of the FlexQube 4.0, a concept for automating transports in factories and warehouses.
Carnegie Investment Bank is Sole Bookrunner and Lead Manager and Baker McKenzie is the legal adviser in connection with the share issue. Baker McKenzie's team mainly consisted of Joakim Falkner, Johanna Flink, Ian Gulam and Stefan Balazs.