Capital market specialists

A New Year's greeting from Augment

We’ve concluded 2019 – a great year for the broader stock market and many interesting movements among micro caps. Throughout the year we’ve raised some 400 MSEK to unlisted and listed clients and we expect a continued high transaction activity during 2020. Given the listing boom over the past few years, the opportunity for good secondary offerings will continue to present itself. We expect increased listing activity on the Growth Markets in the incoming quarters. On our end we are looking at many interesting candidates.

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Adverty's rights issue subscribed to SEK 37.5 million - enables increased sales focus

Adverty is an adtech company that has developed an in-game advertising platform for ads. This allows game and app developers to monetize 100 per cent of user time, by seamlessly integrating advertising into the actual gaming experience and thus reach the consumer throughout the session time.

Raised capital will be used to accelerate sales and fill the company’s large in-game inventory with programmatic ads.

Augment acted as financial advisor to Adverty in the rights issue.

Read full press release (in Swedish)

First day of trading in Signatur Fastigheter

As announced in October 2019, Signatur Fastigheter AB (publ) (formerly Deflamo AB (publ); Nasdaq First North Growth Market: SIGN B) and SIG Invest AB (publ) jointly announced that the parties had entered an agreement for a reverse takeover where Signatur Fastigheter would acquire the shares in SIG Invest.

On 22 November 2019, the extraordinary general meeting of Signatur Fastigheter resolved on the reverse takeover between the parties. On 16 December 2019, the Swedish Companies Registration Office registered the reverse takeover and the first day of trading of the new entity was set to 17 December 2019.

Augment acted financial advisor in the reverse takeover between Signatur Fastigheter and SIG Invest.

88 per cent of Savosolar's warrants used for subscription and EUR 1.25 million directed issue resolved on

Approximately 88.38 per cent of Savosolar Plc’s  warrants under warrant plan 1-2019 have been used for subscription of shares, raising EUR 2.27 million. Savosolar has additionally decided on a directed share issue of up to approximately EUR 1.25 million to a consortium of qualified investors.

Through this funding arrangement Savosolar improved its position in providing turn-key solutions for harvesting solar thermal in large scale for district heating and industrial process heating segments, by increasing its financial capacity to execute possible new projects, to be delivered in 2020 and onwards.

Augment acted as financial advisor in securing the warrants and in the directed issue.

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Nordic Iron Ore's rights issue subscribed to 159 per cent

The subscription period for Nordic Iron Ore’s rights issue of SEK 20.0 million has ended and was subscribed to 159 per cent.

Therefore, the board has decided to exercise an overallotment issue of SEK 5.0 million, giving the company total proceeds of SEK 25.0 million. The capital from the issue will be used for preparations of mining activities and to give the company sufficient time for negotiation of required strategic financing agreements.

Augment acted as financial advisor to the company in the rights issue.

Read full press release (in Swedish)

H&D Wireless' rights issue subscribed to SEK 37.5 million

H&D Wireless is a Swedish Internet of Things (IoT) and real time positioning (RTLS+GPS) cloud and platform system provider with the products Griffin and GEPS.

The subscription period for the company’s rights issue has ended and the company obtains SEK 37.5 million. The capital from the issue will be used for executing on the company’s strategy of increasing software sales.

Augment acted as financial advisor to the company in the rights issue.

Read full press release (in Swedish)

Oboya enabled further growth through fully subscribed rights issue

The final outcome for Oboya´s rights issue, for which the subscription period ended on 14 November 2019, shows that 76.6 per cent of the shares offered were subscribed for by exercise of subscription rights. Additionally, 23,4 per cent of the rights issue was subscribed without use of subscription rights. The offering was thus fully subscribed and Oboya receives approximately SEK 41.2 million before deduction for issue costs. 

The rights issue was carried out to strengthen the company´s financial position.

Augment acted as financial advisor to the company in the rights issue. 

Read full press release (in Swedish)

Raytelligence's rights issue subscribed to 192 per cent

The subscription period for Raytelligence's rights issue of shares with preferential rights to the company´s shareholders ended on 11 November 2019 and the rights issue was subscribed to 192 per cent, which means that Raytelligence will receive approximately SEK 10.8 million in issue proceeds before transaction costs.

The capital proceeds from the issue will be used for further commercialization.

Augment acted as financial advisor to the company in the rights issue.

Read full press release (in Swedish)

Augment is looking for an Analyst Intern for the spring 2020

We are looking for an Analyst Intern to join us during the spring 2020 for 12 to 24 weeks.

Click here for more information

Nordic Iron Ore raises SEK 20 million after positive DFS

Nordic Iron Ore has resolved on a rights issue of SEK 20 million which will provide capital for preparations for mining activities in Blötberget and give sufficient time for negotiation of required financing agreements. During 2019 the definitive feasibility study (“DFS”) regarding Blötberget was finalized. The DFS demonstrates good conditions for profitable mining activities, inter alia with an estimated yearly EBITDA of approximately MSEK 600 at full-scale production.

Besides the production preparations, the Company is conducting a study of Väsmanfältet, which is assumed to have a significantly larger iron ore reserve. Since both Väsmanfältet and Håksberg is nearby Blötberget, there is potential for significant economies of scale and synergies in terms of infrastructure.

Augment acts as financial advisor in the transaction.

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Savosolar secures SEK 37.4 million in connection with the warrant plan

Savosolar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners.

The warrants have been secured to between 100 and 200 per cent, depending on the subscription price, totalling EUR 3.5 million in proceeds. Through this funding arrangement Savosolar will further improve its position in providing turn-key solutions for harvesting solar thermal in large scale for district heating and industrial process heating segments, by increasing its financial capacity to execute possible new projects, to be delivered in 2020 and onwards.

Augment is acting financial advisor to Savosolar in connection with the transaction.

Read the full press release here

Adverty to accelerate sales - raising SEK 48.5 million

Adverty is an adtech company that has developed an in-game advertising platform for ads. This allows game and app developers to monetize 100% of user time, by seamlessly integrating advertising into the actual gaming experience and thus reach the consumer throughout the session time.

The rights issue of maximum SEK 48.5 million, underwritten to 77.3 per cent, is carried out to give Adverty proceeds to accelerate sales and fill their large in-game inventory with programmatic ads.

Augment is acting financial advisor to Adverty in connection with the transaction.

Read full press release (in Swedish)

SIG Invest and Deflamo entered agreement for reverse takeover

SIG Invest AB (publ) and Deflamo AB (publ) (Nasdaq First North Growth Market: DEFL B) have jointly announced that the parties have entered an agreement for a reverse takeover where Deflamo will acquire the shares in SIG Invest.

Deflamo's Board of Directors proposes that the Extraordinary General Meeting on 22 November, 2019 resolves, among other things, on the acquisition of SIG Invest through an issue in kind of a maximum of 1,769,838,194 new B shares in consideration for the shares in SIG Invest. Following the completion of the transaction, SIG Invest's shareholders will hold approximately 95.75 percent of the shares and 95.28 percent of the votes in Deflamo.

SIG Invest, founded in 2014, is a value-adding real estate company that works with innovative property development and property management.

Augment is acting as financial adviser to SIG Invest in connection with the reverse takeover.

Read full press release (in Swedish)

Nexstim secures SEK 31.5 million in warrants and a directed issue

Nexstim is a personalised neuromodulation company focused on approval and commercialisation of its therapeutic device (NBT® system) based on its unique SmartFocus® TMS (transcranial magnetic stimulation) technology for use in depression and chronic pain.

Nexstim secured the strike of the company's outstanding warrants through subscription and underwriting commitments and decided on an additional directed issue, altogether securing approximately SEK 31.5 million in proceeds for continued commersialisation of its Navigated Brain Therapy system for depression, among other things.

Augment is acting financial advisor to Nexstim in connection with the transaction.

Read full press release here

Raytelligence decides on a rights issue of SEK 10.8 million

Raytelligence offers products and sevices for non-contact monitoring vital signs of humans, that is respiration, heartbeat and motion patterns based on the company’s own 60 GHz radar technology.

The rights issue of maximum SEK 10.8 million is carried out to provide funds to accelerate the company’s commercialisation.

Augment is acting as financial advisor to Raytelligence in connection with the transaction.

Read full press release (in Swedish)

Oboya decides on a rights issue of SEK 41.2 million

Oboya is an international business group of twenty companies operating in production and sales of products to the horticulture business. Oboya has grown rapidly and the company's operating income for 2018 amounted to SEK 530 million.

The rights issue of maximum SEK 41.2 million is carried out to strengthen Oboya's balance sheet and reduce the company's capital cost. Decreased financial costs will take Oboya one step closer to its long-term goal of achieving a net margin of 5-7 per cent. 

Augment is acting financial advisor to Oboya in connection with the transaction.

Read full press release (in Swedish)

Augment Mining Forum 2019 announced!

We are happy to inform that Augment Mining Forum 2019 will take place on October 17, 2019 at Downtown Camper by Scandic. During the event, which will take place between 09:00 - 12:00 CET, four listed junior mining companies will present. Each company will present for 20 minutes followed by a 10-minute question session held by moderator Gabriel Mellqvist.

RSVP is done by clicking here. 

H&D Wireless proposes rights issue of SEK 52 million

H&D Wireless is a Swedish Internet of Things (IoT) and real time positioning (RTLS+GPS) cloud and platform system provider with the products Griffin and GEPS.

The proposed rights issue of SEK 52.4 million is a part of the company's financing plan to provide funds to accelerate software sales within the most important segments and thereby gain business from the large pipeline of Swedish and international customers that the company posses.

Augment is acting financial advisor to H&D Wireless in connection with the transaction.

Read full press release (in Swedish)

SIG Invest and Deflamo entered LoI for reverse takeover

SIG Invest AB (publ) and Deflamo AB (Nasdaq First North Growth Market: DEFL B) have jointly announced that the parties have entered into a letter of intent for a reverse takeover where Deflamo will acquire the shares in SIG Invest by an issue in kind.

Following the completion of the transactions, the shareholders of SIG Invest will hold approximately 95 per cent of the shares and votes in Deflamo and the current shareholders of Deflamo will hold approximately 5 per cent of the shares and votes in Deflamo.

The transaction is subject to approval by Nasdaq and general meetings.

SIG Invest, founded in 2014, is a value-adding real estate company that works with innovative property development and property management.

Augment is acting as financial adviser to SIG Invest in connection with the reverse takeover. 

Read full press release (in Swedish)

Nordic Iron Ore raises loan to analyze ongoing feasibility study

Nordic Iron Ore has decided to raise a loan of SEK 5.0 million, which adds additional working capital to the company. With the capital increase, the company gets the sufficient resources to efficiently analyze the results of the ongoing feasibility study for the restart of the mine in Blötberget. The study will be reported later in the current quarter.

Augment has acted as financial advisor in the transaction.

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GoldBlue’s rights issue subscribed to SEK 14.3 million

The subscription period for GoldBlue's rights issue of shares with preferential rights to the company's shareholders ended on 1 July 2019 and the rights issue was subscribed to 85 per cent, which means that GoldBlue will receive approximately SEK 14.3 million in issue proceeds before transaction costs. 

The capital proceeds from the issue will be used to expand the company's growth through increased marketing.

Augment acted as financial advisor to the company in the rights issue. 

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New analyst coverage of Seafire

Erik Penser Bank initiates coverage of Seafire. The forecasts done through a Sum-of-the-Parts and peer valuation, indicate a motivated share price of SEK 27.0 with a worst-case scenario of SEK 14.0.

The motivated share price of SEK 27.0 is circa 400 per cent higher than the share price at the time of the publication of the coverage. 

Read the full coverage 

Orezone becomes Eurobattery Minerals

Orezone AB changes its name to Eurobattery Minerals AB. The name change is part of the company´s commitment to extracting critical battery minerals such as cobalt, copper and nickel from its own assets in Europe. 

- Our new name describes our plans very well. When production starts - and it is very soon - the goal is to be able to supply Europe's battery manufacturers with "green minerals" from Europe, says CEO Roberto García.

As of 15 July 2019, the share is traded under the name Eurobattery Minerals AB and the trading symbol on NGM Nordic MTF is BAT.

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Adverty uptakes loan to increase activity on mobile gaming

Adverty has decided to raise a loan of SEK 10.0 million in order to increase activity on the mobile gaming sub-area. The platform's unique opportunities are to seamlessly integrate advertising into the actual gaming experience and thus reach the consumer throughout the game time, unlike competitors who only allow ads in menus and during game breaks. The loan runs until Q1 2020 with an annual interest rate of 12 per cent. 

Augment is the company's financial advisor in the transaction.

Read full press release (in Swedish)

Orezone's rights issue subscribed to SEK 23.8 million

The subscription period for Orezone's rights issue of shares with preferential rights to the company's shareholders ended on 7 May 2019 and the rights issue was subscribed to 90 per cent, which means that Orezone will receive approximately SEK 23.8 million in issue proceeds before transaction costs.

The raised capital enables the planned exploration for the targets in the Corcel project.

Augment is the company's financial advisor in the transaction.

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GoldBlue decides on a rights issue of SEK 16.9 million

The Board of Directors of GoldBlue AB (publ) has resolved, subject to the approval of the extraordinary general meeting, to carry out a new share issue with preferential rights for existing shareholders of no more than 105,380,555 shares, which upon a fully subscribed issue will raise total proceeds of approximately SEK 16.9 million before issue costs. The price per share in the rights issue is SEK 0.16 and the subscription period commences on 17 June 2019.

Augment is the company's financial advisor in the transaction.

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Orezone closes acquisition of Corcel Minerals

Orezone has today closed the acquisition of Corcel Minerals S.L. The acquisition is made at a price of SEK 26.4 million and payment is made through a seller's invoice, which is subsequently offset against 3,777,089 shares in Orezone subscribed by the sellers in a directed issue. The price per share in the directed issue is the same as in the previously announced rights issue (SEK 7.0), whose subscription period commences on April 18 2019.

Augment is the company's financial advisor in the transaction. 

Read full press release (in Swedish)

InCoax completes a directed issue of SEK 38 million

InCoax Networks today announces that the company has completed a directed issue of SEK 38.0 million corresponding to 3,040,000 shares in the company. The issue was announced on 15 March 2019 and received large interest from the investors.

Augment acted as financial advisor in connection with the directed issue.

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Orezone acquires Ni-Co-Cu project and proposes rights issue

Orezone acquires Corcel Minerals S.L. and proposes a rights issue of SEK 26.4 million for exploration and development of the Corcel Nickel-Cobalt-Copper project. The acquisition is the first step in building a high-quality exploration and production company with a number of projects in different phases. The rights issue is secured to 90 per cent through subscription commitments and underwritings. 

Augment is acting financial advisor to Orezone in connection with the transaction. 

Read full press release about the rights issue (in Swedish)

Read full press release about the acquisition (in Swedish)

Block trade in Nuevolution

Nuevolution is a biopharmaceutical company listed on Nasdaq Stockholm (Small Cap), focused on developing drug treatments for human diseases within immuno-oncology, oncology and inflammatory diseases.

Augment carried out a block trade of shares.

Read more about the company

InCoax approved for listing

InCoax Networks has received approval from Nasdaq for listing of the company's shares on Nasdaq First North with the first day of trading on 3 January 2019. With respect to the listing, the company has published a company description with new financial information regarding InCoax's capital structure and net debt that has not previously been published. 

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InCoax to Nasdaq First North

InCoax Networks develops innovative solutions for broadband access with Gigabit-speed. The company today announced its IPO on Nasdaq First North. We are happy to be advising the company on the transaction.  

The company is looking to raise MSEK 24.0 out of which MSEK 12.0 is subscribed through subscription commitments. 

Read full press release (in Swedish)

Zordix with 1,100 new shareholders

Zordix gains approximately 1,100 new shareholders through its oversubscribed IPO. The IPO was subscribed to 143 per cent and the first day of trading on NGM Nordic MTF will be on 23 November 2018.

Read full press release (in Swedish)

ESEN eSports' rights issue oversubscribed

ESEN eSports' rights issue with additional warrants was subscribed to 105 per cent. The company will through the rights issue and part of the overallotment issue receive approximately MSEK 7.7 before transaction costs.

The subscription period for shares that can be subscribed for on the basis of the warrants will be 2 September 2019 - 16 September 2019. 

Read full press release (in Swedish)

Game developer Zordix announces IPO

Zordix is looking to raise maximum MSEK 18.0 (including overallotment) in connecting to the listing of its class B shares on NGM Nordic MTF. We are happy to be advising the company on the listing process.

The capital injection from the offering will allow the company to accelerate its growth through marketing and development of new and existing game titles. 

Read full press release (in Swedish)

Tor Wikman joins Augment

Prior to joining Augment Partners, Tor Wikman has worked within corporate finance and management consulting in Stockholm, as well as consulted for various start-ups in Sweden and U.S. Tor has advised on and managed a wide range of transactions, primarily within ECM and M&A, in the Nordic SME segment. Tor holds a MSc in Applied Economics and Finance from Copenhagen Business School.

Advising on ESEN eSports' rights issue

We are happy to be advising ESEN eSports in its rights issue with additional warrants. The offer (including the warrants) totals to maximum MSEK 14.5. The rights issue is secured to 73.2 per cent through a combination of subscription commitments and underwritings. 

The capital injection will mainly be used for sales and marketing efforts and to further develop the company's new digital tournament platform.

Read full press release (in Swedish)

Savosolar's rights issue subscribed to 126 %

Savosolar's rights issue of approximately MEUR 3.5 was subscribed to 126 per cent. Furthermore the company has decided on a directed issue of approximately MEUR 0.9 as well as resolved to amend the terms and conditions of the company's stock option plan 2-2017.

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Savosolar arranges MEUR 3.5 rights issue

We are happy to again be trusted in advising Savosolar in its rights issue with additional warrants.

The proceed from the offering and the warrants will be used to secure Savosolar's working capital need so that the company can deliver signed and potential upcoming orders in 2018-2019 and continue to streamline its operations to match profitability targets and the increasing demand globally. 

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Aktia Nordic Micro Cap invests in Nitro Games

Augment Partners has acted financial advisor to Nitro Games in its directed issue of approximately MSEK 14.2. The proceeds from the directed issue will primarily be used for marketing of the company's new game Heroes of Warland. 

Subscribers in the directed issue are a limited number of new institutional and professional investors and existing shareholders, including among others Aktia Nordic Micro Cap and exisiting shareholders Swedbank Robur Ny Teknik, Feat Invest AB, Savox Investments S.A. and Jasperus S.A.

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Fundraising for SQUID

Augment Partners acted as advisor to njuice AB (SQUID) on its recent equity financing that will be used for marketing as well as further development of the application.

SQUID is the first news aggregation app built for millennials. The goal of the app is to make relevant news readily available, offering a wide range of topics that let users select and create their personalised news feeds. SQUID’s unique algorithms gather news automatically from the best sources on the on the web.

The app is launched several European countries. In every country, the users can read local and global news in their language but also switch quickly between countries to practice reading skills in the second language for example.

Seafire first day of trading on NGM Nordic MTF

Seafire has been approved for trading on Nordic MTF by Nordic Growth Market NGM AB. The trading will commence on 16 November 2017.

The Seafire share will trade under the short name SEA MTF.

Read full press release (in Swedish)

John Biström joins Augment

Prior to joining Augment Partners, John Biström has worked within corporate finance at e.g. Erik Penser Bank and management consulting at Roland Berger in Stockholm. John has managed several transactions, especially within ECM, in the Nordic SME segment. John holds a MSc in Finance from Hanken School of Economics and has studied business at Rensselaer Polytechnic Institute.

The investment company Seafire announces its IPO

Today Seafire AB (publ) published a prospectus for its IPO on NGM Nordic MTF. We are happy to be advising the company in the transaction.

Seafire acquire and develop unlisted companies with strong brands and leading market positions. The capital injection from the share issue will be used to finance further acquisitions.

Read full press release (in Swedish)

Savo-Solar's rights issue oversubscribed

Savo-Solar's right issue of approximately MEUR 4.3 has been subscribed to 113 per cent. Furthermore, the company has decided on two directed issues as well as on a new stock option plan for the management. 

Jari Varjotie, Managing Director of Savo-Solar: "It is great to see that investors have continued interest in the utilization of the clean solar energy. We at Savo-Solar are very happy with the positive response to the rights issue and I would like to thank all present and new shareholders who participated in the issue. The proceeds of the issue enable us to continue the implementation of our growth strategy. The business outlook is good and recent successes among others in France prove that our solutions are competitive. We will continue our determined work for reaching our targets for growth and profitability.” 

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Copperstone Resources changes Certified Adviser to Augment Partners

Copperstone Resources AB has decided to change Certified Adviser to Augment Partners as from 1 October 2017.

The current Certified Adviser agreement with G&W Kapitalförvaltning AB will end as per 30 September 2017.

Read full press release (in Swedish)

Nitro Games approved for trading on First North

Nitro Games has been approved for trading on Nasdaq First North Sweden. First day of trading is 16 June 2017.

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Advising on Savo-Solar's rights issue

Augment Partners and Mangold Fondkommission are acting as financial advisors to Savo-Solar in its rights issue with additional warrants enabling the company to raise up to a maximum of approximately MEUR 6.4. 

Fast growth, investments in cost-effective production, a lowered order backlog since the end of 2016 and preparation for the execution of coming orders have resulted in the need of more working capital. 

Read full press release

Advising on game developer Nitro Games' IPO

We are pleased to announce that Augment Partners is acting financial advisor to Nitro Games in its IPO on Nasdaq First North Sweden.

Nitro Games aims to raise MEUR 3.2 through the IPO. The capital injection will be used for repayment of loans, working capital, initial marketing costs for published games and outsourced mass development costs. 

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Savo-Solar changes Certified Adviser to Augment Partners

The Board of Directors in Savo-Solar Oyj has decided to change Certified Adviser to Augment Partners.

The current Certified Adviser agreement with Mangold Fondkommission AB will end on 26 April 2017. Augment Partners will act as the Company’s new Certified Adviser from 27 April 2017.

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Nuuka selects Augment Partners as advisor

Nuuka Solutions Oy has been investigating a listing on Nasdaq First North Stockholm. We are happy to announce that Augment Partners is selected as an advisor for a private placement and the IPO process.

Tarja Teppo, Chairman of the Nuuka Board: "We are very happy to announce that we chose Augment Partners to manage this process. We know the team well and have been impressed with their energy, enthusiasm and professionality. The Nuuka team is looking forward working together with Augment Partners."

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