H100 Group AB has announced the raising of approximately SEK 21.2 million through a directed share issue to fund its Bitcoin investment strategy.
Capital Raising through Share Issuance
The company issued up to 2,771,202 new shares priced at SEK 7.66 each. Qualified investors in this transaction include Benjamin Calvin Brodhead, Natanya Brooks, and Adam Malone.
Reasons for Waiving Shareholder Rights
H100 Group opted to waive shareholder preferential rights to expedite the process and avoid potential market volatility. Key reasons include: - The longer execution time of a traditional rights issue. - Significantly higher costs associated with rights offerings. - The speed advantage of a directed share issue.
International Expansion
H100 Group also marked a significant milestone in its international expansion by officially joining the Frankfurt Stock Exchange under the ticker symbol GS9. This allows European investors to trade its shares in euros without requiring any new stock issuance.
The proceeds from this offering will exclusively be used for strategic Bitcoin investments, reinforcing H100 Group’s ambition to become a leading player in the Bitcoin treasury space.
