FlexQube AB (“FlexQube” or the “Company”) has carried out a directed share issue at a subscription price of SEK 10,22 per share (the “Directed Issue”) to a select group of investors, both existing and new shareholders, including RoosGruppen AB, Nils-Robert Persson via Möllan Konsult AB, Brofund Equity AB and Gunnar Brock, through which the Company raises approximately SEK 40 million before deduction of transaction costs.
FlexQubes full press release can be found here.
Background and motive
FlexQube carried out a directed share issue led by Corpura to obtain working capital to secure production and delivery of larger potential volume orders and to strengthen sales development in the important US market. The Company has recently communicated two pilot orders from existing customers.
CEO Anders Fogelberg comments:
“FlexQube is in an exciting phase, taking important steps to meet the growing demand for flexible and scalable automation solutions. The directed share issue attracted significant interest from both existing and new investors, resulting in an increased issue size of SEK 40 million, compared with the SEK 30 million initially planned.
The strong interest is a clear sign of market confidence in our strategy and enables us to accelerate our initiatives. With the strengthened financial position, we are now well positioned to deliver ongoing projects and prepare the organization for a higher volume of large-scale customer engagements.
The proceeds will primarily be used to drive growth and strengthen the organization in sales, project management, and engineering, enabling us to manage more parallel automation projects, with a strong focus on North America. Part of the funds will also be used to further develop FlexQube’s AMR platform and selected initiatives within software and robotics.
In addition, investments are planned in marketing, business development, and partnerships to further strengthen the company’s position within automated material handling across several key markets.
– The strong interest in the share issue demonstrates that the market shares our belief in FlexQube’s potential. This enables us to accelerate our growth strategy and ensure we can deliver on a growing order book, while further strengthening our technical platform and our ability to meet future customer needs.”
About FlexQube AB
FlexQube is a technology company headquartered in Gothenburg, Sweden with subsidiaries in USA, Mexico, Germany and England. FlexQube offers solutions for cart-based material handling using a patented modular concept. FlexQube develops and designs customized solutions for both robotic and mechanical cart logistics. Through the own developed and unique automation concept FlexQube can offer robust and self-driving robotic carts. FlexQube has more than 1200 customers in 40 countries with primary markets being North America and Europe.
FlexQubes press releases are available at: https://flexqubegroup.com/sv/media/#pressmeddelanden
Corpura Fondkommission acted as Sole Coordinator and Bookrunner in connection with the Directed Issue.
For more information contact:
Adam Lindskog
Phone: +46(0)73-981 80 69
Email: adam.lindskog@corpura.se
