Capital market specialists

InCoax completes a directed issue of SEK 38.0 million

InCoax Networks today announces that the company has completed a directed issue of MSEK 38.0 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 Partners 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 MSEK 26.4 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 90.0 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).

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.

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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. 

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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. 

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Tor Wikman joins Augment Partners

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.

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John Biström joins Augment Partners

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.

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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. 

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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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