The Board of Directors of Gapwaves AB (“Gapwaves” or the “Company”) has, conditional on the subsequent approval of an extraordinary general meeting, resolved on a fully secured rights issue of B-shares of approximately SEK 78 million (the "Rights Issue").  To further strengthen the Company’s operational flexibility, the Company has also entered into a SEK 15 million loan facility agreement.

Gapwaves full press release can be found here.

Background and motive
In 2024, Gapwaves took a vital step in its development by initiating its first high-volume production. The production launch with Valeo SE (“Valeo”), a world-leading supplier of automotive components and specifically advanced driver assistance systems (ADAS), in early June marks a milestone in the Company’s journey — from a research and development company to a fully commercial and industrially established player.

The collaboration with Valeo clearly demonstrates that Gapwaves’ waveguide technology has now reached a level of maturity and quality that enables volume production for leading global automotive suppliers. Market interest continues to grow, and both the Company’s technology and business model have during the year proven their competitiveness in a rapidly expanding sector.

Gapwaves is now entering an expansion phase focused on accelerating growth, scaling up production, and consolidating its position as a leading supplier of waveguide technology for radar and sensor applications. The increased commercialization brings a need for enhanced delivery capacity and financial flexibility to meet the growing demand. In parallel, the Company continues to broaden its customer base and strengthen its presence in new segments such as industrial applications, telecommunications, and transport solutions.

About Gapwaves AB
Gapwaves is pioneering radar technology with its innovative waveguide-based antennas, specifically designed for the automotive industry, autonomous vehicles, and Advanced Driver Assistance Systems (ADAS). The company's patented technology enhances radar performance by enabling extended range, higher precision, and improved interference resistance, contributing to safer and more reliable radar systems. Through strategic partnerships with leading global players and a robust intellectual property portfolio, Gapwaves is positioned as a key player in the development of next-generation radar solutions. With a scalable and cost-efficient production process, the company is driving widespread industrial adoption of advanced antenna systems.

Corpura acted as Joint Coordinator and Bookrunner in connection with the Rights Issue.

For more information contact:
Christopher Sebök
Phone: +46(0)72-995 43 97
Email: christopher.sebok@corpura.se