Wyld Networks Launches Rights Issue, Fuels IoT Growth
July 17, 2025, 3:31 pm
Wyld Networks initiates a major SEK 17.6 million rights issue. The capital raise targets significant commercial expansion. It will boost global IoT connectivity solutions. An overallotment option could secure an additional SEK 4.4 million. This strategic move aims to meet surging demand. It strengthens the company’s market footprint. The fully underwritten offering promises crucial funding. Existing shareholders face potential dilution.
Wyld Networks, a key player in global IoT connectivity, has announced a substantial rights issue. The Swedish technology firm seeks to raise SEK 17.6 million. This capital infusion is vital for its aggressive commercial expansion plans. The company addresses critical gaps in global mobile network coverage. Its wireless solutions are highly competitive.
The board of directors greenlit the rights issue. This decision follows authorization from the annual general meeting. The move is strategic. It ensures Wyld Networks can meet burgeoning market demand. Orders are increasing. Scaling delivery capacity is paramount.
The funding fuels operations directly. Proceeds will purchase essential components. These components enable faster order fulfillment. They also finance the company’s ongoing ventures. Wyld Networks is in a dynamic phase. It shifts from establishment to widespread commercialization.
Shareholders hold preferential rights. They receive one subscription right per share. Each right allows subscription for two new shares. The subscription price stands at SEK 0.01 per share. This pricing makes the offering accessible.
The record date for participation is July 15, 2025. The subscription period opens swiftly. It runs from July 17, 2025, through July 31, 2025. Investors must act within this window. Subscription rights will trade on Nasdaq First North Growth Market. This trading occurs from July 17 to July 28, 2025. Paid subscribed shares (BTAs) will trade until August 18, 2025. This corrected date ensures clarity for investors.
The rights issue carries significant backing. It is 100 percent covered. This coverage comes from subscription and underwriting commitments. Major existing shareholders committed 17.8 percent. Underwriters provided the remaining 82.2 percent. Key underwriters include Tuvedalen Limited, Olsen Fond & Försäkring AB, and Dattasri Gogineni. This strong backing ensures the capital raise's success. No compensation is paid for subscription commitments. Underwriting commitments incur a 25 percent fee. This fee is paid in newly issued shares.
An overallotment option enhances the issue. If oversubscribed, Wyld Networks can raise more capital. This option allows for an additional SEK 4.4 million. It addresses higher-than-anticipated demand. It also broadens the company's shareholder base. The overallotment price matches the rights issue price. It remains SEK 0.01 per share. This demonstrates board confidence in the valuation.
The overallotment process is structured. Priority goes to investors exceeding their preferential rights. Other interested investors follow. Allocation occurs proportionally. The goal is to maximize capital. It also secures new investors.
Dilution is a factor for current shareholders. Full subscription of the rights issue means significant dilution. Non-participating shareholders face approximately 66.7 percent dilution. If the overallotment option is fully exercised, dilution increases. Total dilution could reach approximately 71.4 percent. This impacts shareholding percentage.
Wyld Networks develops cutting-edge technology. It provides affordable connectivity globally. This includes areas without traditional mobile network coverage. The focus lies on Internet of Things (IoT) solutions. It also serves people requiring connectivity. Wyld Networks Ltd, based in Cambridge, UK, drives this innovation. It is a subsidiary of the Swedish parent company.
Mangold Fondkommission AB serves as financial advisor. Advokatfirman Schjødt acts as legal advisor. These firms guide the capital raise. The outcome of the rights issue is expected around August 4, 2025. An information document provides complete terms. It will be published before the subscription period starts.
This offering specifically targets non-U.S. investors. Shares are not registered under U.S. securities laws. This press release does not constitute an offer in the United States. Distribution is restricted in many jurisdictions. This includes Australia, Canada, Japan, and the United States. Investors must review local regulations.
The rights issue marks a pivotal moment for Wyld Networks. It provides essential resources. It positions the company for robust expansion. It enables continued innovation in the global connectivity landscape. The market watches closely. Wyld Networks aims for a strong future.
Wyld Networks, a key player in global IoT connectivity, has announced a substantial rights issue. The Swedish technology firm seeks to raise SEK 17.6 million. This capital infusion is vital for its aggressive commercial expansion plans. The company addresses critical gaps in global mobile network coverage. Its wireless solutions are highly competitive.
The board of directors greenlit the rights issue. This decision follows authorization from the annual general meeting. The move is strategic. It ensures Wyld Networks can meet burgeoning market demand. Orders are increasing. Scaling delivery capacity is paramount.
The funding fuels operations directly. Proceeds will purchase essential components. These components enable faster order fulfillment. They also finance the company’s ongoing ventures. Wyld Networks is in a dynamic phase. It shifts from establishment to widespread commercialization.
Shareholders hold preferential rights. They receive one subscription right per share. Each right allows subscription for two new shares. The subscription price stands at SEK 0.01 per share. This pricing makes the offering accessible.
The record date for participation is July 15, 2025. The subscription period opens swiftly. It runs from July 17, 2025, through July 31, 2025. Investors must act within this window. Subscription rights will trade on Nasdaq First North Growth Market. This trading occurs from July 17 to July 28, 2025. Paid subscribed shares (BTAs) will trade until August 18, 2025. This corrected date ensures clarity for investors.
The rights issue carries significant backing. It is 100 percent covered. This coverage comes from subscription and underwriting commitments. Major existing shareholders committed 17.8 percent. Underwriters provided the remaining 82.2 percent. Key underwriters include Tuvedalen Limited, Olsen Fond & Försäkring AB, and Dattasri Gogineni. This strong backing ensures the capital raise's success. No compensation is paid for subscription commitments. Underwriting commitments incur a 25 percent fee. This fee is paid in newly issued shares.
An overallotment option enhances the issue. If oversubscribed, Wyld Networks can raise more capital. This option allows for an additional SEK 4.4 million. It addresses higher-than-anticipated demand. It also broadens the company's shareholder base. The overallotment price matches the rights issue price. It remains SEK 0.01 per share. This demonstrates board confidence in the valuation.
The overallotment process is structured. Priority goes to investors exceeding their preferential rights. Other interested investors follow. Allocation occurs proportionally. The goal is to maximize capital. It also secures new investors.
Dilution is a factor for current shareholders. Full subscription of the rights issue means significant dilution. Non-participating shareholders face approximately 66.7 percent dilution. If the overallotment option is fully exercised, dilution increases. Total dilution could reach approximately 71.4 percent. This impacts shareholding percentage.
Wyld Networks develops cutting-edge technology. It provides affordable connectivity globally. This includes areas without traditional mobile network coverage. The focus lies on Internet of Things (IoT) solutions. It also serves people requiring connectivity. Wyld Networks Ltd, based in Cambridge, UK, drives this innovation. It is a subsidiary of the Swedish parent company.
Mangold Fondkommission AB serves as financial advisor. Advokatfirman Schjødt acts as legal advisor. These firms guide the capital raise. The outcome of the rights issue is expected around August 4, 2025. An information document provides complete terms. It will be published before the subscription period starts.
This offering specifically targets non-U.S. investors. Shares are not registered under U.S. securities laws. This press release does not constitute an offer in the United States. Distribution is restricted in many jurisdictions. This includes Australia, Canada, Japan, and the United States. Investors must review local regulations.
The rights issue marks a pivotal moment for Wyld Networks. It provides essential resources. It positions the company for robust expansion. It enables continued innovation in the global connectivity landscape. The market watches closely. Wyld Networks aims for a strong future.