EPTI successfully completes new financing round of 55 million SEK To Accelerate Acquisition Objectives And Development Of Internal Ventures

EPTI (INVAJO.ST) has completed a directed new issue of 6,971,357 million shares at a subscription price of SEK 7.89 per share: resulting in an issue payment of SEK 55,004,006. A number of new investors participated in the transaction including Angelgate AG, Ash Pournouri, Elisabeth Thand Ringqvist, Emanuel Lipschütz, MOOR Holding AB, Niklas Estensson, Sam Nurmi and Thorén Tillväxt AB. In addition, a number of existing shareholders chose to participate.

The Board of Directors of EPTI (INVAJO.ST) has decided to carry out a directed new issue of 6,971,357 million shares, at a subscription price of SEK 7.89 per share, which results in an issue payment of SEK 55 004 006 before transaction costs. The subscription price corresponds to a discount of approximately 0.25 percent against the volume-weighted average price (VWAP) for the Company’s shares on Nasdaq First North Growth Market on December 14, 2021. The decision was made with the support of the authorization from the Annual General Meeting on June 11, 2021.

“It is a sign of the strength and potential of EPTI that, during a time of unique broader market conditions, we can make an issue. Through this issue, we ensure increased ownership diversification and liquidity, as well as a stronger capital base for EPTI into 2022 and beyond, ” says Arli Mujkic, CEO of EPTI.

The subscription price has been determined on the basis of arm’s length negotiations and also corresponds to the subscription price in the non-cash issue that constitutes the purchase price for the shares in EPTI. It is therefore the Board’s assessment that the subscription price correctly reflects current market conditions and demand. The investors in the New Issue consisted of a number of Swedish and international institutional investors, including a number of existing shareholders.

The net proceeds from the New Issue are intended to finance and enable the group to conduct the activities described in the company presentation that has been submitted to Nasdaq, which includes the acquisition of small to medium-sized studios, more internal ventures, and keep existing positions longer in the portfolio to maintain greater ownership.

About EPTI

EPTI invests capital and operational support for companies, entrepreneurs and founders to build market-leading innovative companies under the motto “We Empower Innovation”. As a venture builder, this is done by adding experience from other founders, capital, resources, processes, state-of-the-art technology as well as commercial execution and marketing. EPTI also starts companies and joint ventures with driven co-founders and companies. The companies in EPTI’s portfolio are in the segments of Gaming, Fintech, Marketplace, SaaS and Services. Since launching in 2017, a portfolio of more than 25 companies has been built up, of which the majority-owned companies comprise a total of approximately 200 coworkers in seven countries around Europe. EPTI is more than an investment company, it is partly an investment company and partly a service company. A venture builder for founders, by founders.

For further information, please contact:
Robert, CFO, EPTI AB
E-mail: robert@epti.com
Phone: +46 73-652 56 60

For international media enquiries, please contact:
Benjamin Webb, Deliberate PR
E-mail: benjamin@deliberate-pr.com
Phone: +44 7930 408224

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