Raybased AB (publ) (XSAT:RBASE) announced a private placement of maximum of 600,000 shares at SEK 20 per share for gross proceeds of SEK 12,000,000 on April 27, 2016. The transaction is made with deviation from existing shareholders' pre-emptive right and is directed to a limited number of investors. Post the closing the number of issued shares will be increased to 6,028,000. Pursuant to the transaction, the investors will acquire a total stake of 9.95355% in the company. The transaction has been approved at its annual general meeting.

On August 15, 2016, the company started with the subscription period.