Mentice AB (publ) announced a private placement of 800,000 common shares at a price of SEK 75 per share for gross proceeds of SEK 60,000,000 on June 9, 2022. The transaction included participation from a large number of Swedish and international institutional investors, including returning investor, Bure Equity AB (publ), and new investors, AP Fonden 4, Handelsbanken Fonder AB, and Teknik Innovation Norden Fonder AB. Post the transaction, the number of outstanding shares will increase by 800,000 shares, from 24,768,850 shares to 25,568,850 shares and the share capital of the company increased by SEK 40,000 from SEK 1,238,442.5 to SEK 1,278,442.5. In connection with the directed new share issue, the company has undertaken, subject to customary exceptions, not to issue additional shares for a period of 6 months after the announcement of the outcome of the directed new share Issue.

The transaction was oversubscribed.