Technology firm Sivers Semiconductors has resolved to carry out a directed share issue to raise approximately SEK 125 million before transaction costs. In conjunction with the capital hike, the company also announced it is evaluating a dual listing of its shares in the United States, according to separate press releases.

The placement comprises 8.62 million shares at a subscription price of SEK 14.5 per share. This price represents a discount of just over 30 percent compared to the stock's latest closing price. However, it should be noted that the share price surged by approximately 30 percent during Wednesday's session. Compared to the volume-weighted average price (VWAP) over the 30 trading days preceding the announcement, the subscription price actually represents a premium of 29.8 percent.

The issue was subscribed by a limited number of Swedish and international institutional and other qualified investors, including both new and existing shareholders such as DNB Disruptive Opportunities, DNB Nordic Small Cap, and Storebrand Sverigefond.

The dilution effect amounts to approximately 2.5 percent of the total number of shares and votes in the company.

According to Sivers, the placement is driven by strong demand from long-term institutional investors and a desire to broaden the shareholder base. The proceeds are primarily intended to accelerate growth within photonics and wireless solutions, with a focus on AI data centers, Lidar, 5G, and defense. Furthermore, the funds will be used to strengthen the organization and the balance sheet, while increasing the company's financial flexibility.

The share issue is subject to approval at an extraordinary general meeting scheduled for May 12.

The company also announced that it is exploring a dual listing on the Nasdaq Stock Market in New York to enhance access to US capital markets and further diversify its investor base.

As part of this process, the company is upgrading its financial reporting to PCAOB standards, which may lead to certain accounting adjustments. These are not expected to be material to the company's financial position or results.