Gapwaves has resolved to carry out a directed new share issue of 2,500,000 class B shares to Swedish and international institutional investors, raising proceeds of approximately SEK 74 million before transaction costs.

The investors consist of, amongst others, Alfred Berg Kapitalförvaltning AB, Coeli Asset Management AB, Erste Asset Management GmbH and Nordic Cross Asset Management AB.

The directed new share issue is carried out to strengthen Gapwaves within customer-driven development projects and manufacturing processes for high-volume production and to accelerate the industrialization of 5G antennas.

Pareto Securities AB is acting Sole Manager and Bookrunner and Baker & McKenzie Advokatbyrå KB is legal adviser in connection with the directed new share issue. Baker McKenzie’s team consists of Joakim Falkner, Ian Gulam and Per Blom.

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