Sivers Semiconductors has completed a directed share issue of approximately SEK 95 million
Sivers Semiconductors (Nasdaq Stockholm: SIVE) has completed a directed share issue raising SEK 95 million through the issuance of 25,675,675 ordinary shares at SEK 3.70 per share. The subscription price represents a 9.8% discount to the VWAP on September 18, 2025.
The offering attracted Swedish and international institutional investors, with company insiders including board members and management participating with approximately SEK 2 million. The proceeds will be allocated to R&D and go-to-market acceleration (60%), strategic investments (20%), and capital structure optimization (20%).
The share issue will result in an 8.2% dilution of capital and 8.6% dilution of votes. The company and key insiders have agreed to lock-up periods of 180 and 90 days respectively.
Sivers Semiconductors (Nasdaq Stockholm: SIVE) ha completato una directed share issue che ha raccolto SEK 95 milioni attraverso l’emissione di 25.675.675 azioni ordinarie al prezzo di SEK 3,70 per azione. Il prezzo di sottoscrizione rappresenta uno sconto del 9,8% rispetto al VWAP del 18 settembre 2025.
L’offerta ha attratto investitori istituzionali svedesi e internazionali, con insider della società, inclusi membri del consiglio e il management, che hanno partecipato con circa SEK 2 milioni. I proventi saranno destinati a R&D e accelerazione go-to-market (60%), investimenti strategici (20%) e ottimizzazione della struttura del capitale (20%).
L’emissione di azioni comporterà una diluizione dell’8,2% del capitale e una diluizione dell’8,6% dei voti. La società e i principali insider hanno concordato periodi di lock-up di 180 e 90 giorni rispettivamente.
Sivers Semiconductors (Nasdaq Stockholm: SIVE) ha completado una colocación de acciones dirigida que ha logrado SEK 95 millones mediante la emisión de 25.675.675 acciones ordinarias a un precio de SEK 3,70 por acción. El precio de suscripción representa un descuento del 9,8% frente al VWAP del 18 de septiembre de 2025.
La oferta atrajo a inversores institucionales suecos e internacionales, con insiders de la empresa, incluidos miembros de la junta y la dirección, participando con aproximadamente SEK 2 millones. Los fondos se destinarán a I+D y aceleración go-to-market (60%), inversiones estratégicas (20%) y optimización de la estructura de capital (20%).
La emisión de acciones resultará en una dilución del capital del 8,2% y una dilución de votos del 8,6%. La empresa y los insiders clave han acordado periodos de lock-up de 180 y 90 días respectivamente.
Sivers Semiconductors (Nasdaq Stockholm: SIVE)는 SEK 9,500만을 조달하는 25,675,675주의 보통주를 주당 SEK 3.70에 발행하는 지시적 주식 배정으로 완료했습니다. 구독가액은 2025년 9월 18일 VWAP 대비 9.8%의 할인입니다.
공모는 스웨덴 및 국제 기관 투자자들을 끌어들였으며, 이사회 구성원 및 경영진을 포함한 회사 내부자들이 약 SEK 2백만으로 참여했습니다. 조달금은 R&D 및 go-to-market 가속화(60%), 전략적 투자(20%), 자본구조 최적화(20%)에 배정됩니다.
주식 발행은 자본이 8.2%의 희석과 표결권이 8.6%의 희석으로 이어집니다. 회사와 주요 내부자들은 각각 180일 및 90일의 락업 기간에 동의했습니다.
Sivers Semiconductors (Nasdaq Stockholm: SIVE) a terminé une augmentation de capital dirigée qui a levé SEK 95 millions par l’émission de 25 675 675 actions ordinaires au prix de souscription de SEK 3,70 par action. Le prix de souscription représente une réduction de 9,8% par rapport au VWAP du 18 septembre 2025.
L’offre a attiré des investisseurs institutionnels suédois et internationaux, et des initiés de l’entreprise, y compris des membres du conseil et la direction, ont participé pour environ SEK 2 millions. Les fonds seront alloués à R&D et accélération go-to-market (60%), investissements stratégiques (20%) et optimisation de la structure du capital (20%).
L’émission d’actions entraînera une diluation du capital de 8,2% et une diluation des droits de vote de 8,6%. L’entreprise et les principaux initiés ont accepté des périodes de lock-up de 180 et 90 jours respectivement.
Sivers Semiconductors (Nasdaq Stockholm: SIVE) hat eine gerichtete Aktienplatzierung abgeschlossen und damit SEK 95 Millionen durch die Emission von 25.675.675 Stammaktien zum Ausgabepreis von SEK 3,70 je Aktie erzielt. Der Ausgabepreis entspricht einem Rabatt von 9,8% auf den VWAP vom 18. September 2025.
Das Angebot zog schwedische und internationale institutionelle Investoren an, wobei Unternehmensinsider, einschließlich Vorstandsmitglieder und Management, mit ca. SEK 2 Millionen beteiligt waren. Die Mittel werden verwendet für F&E und Go-to-Market-Beschleunigung (60%), strategische Investitionen (20%) und Optimierung der Kapitalstruktur (20%).
Die Aktienemission führt zu einer Kapitalverwässerung von 8,2% und einer Stimmrechtsverwässerung von 8,6%. Das Unternehmen und wichtige Insider haben Lock-up-Fristen von 180 bzw. 90 Tagen vereinbart.
Sivers Semiconductors (Nasdaq Stockholm: SIVE) أكملت发行 أسهم موجّهة جمعت 95 مليون كرونة سويدية من خلال إصدار 25,675,675 سهماً عاديًا بسعر اشتراك قدره 3.70 كرونة للسهم. سعر الاشتراك يمثل خصمًا بنسبة 9.8% من VWAP في 18 سبتمبر 2025.
جذبت العروض مستثمرين مؤسسيين سويديين ودوليين، وشارك داخليو الشركة بمن فيهم أعضاء المجلس والإدارة بمبلغ يقارب 2 مليون كرونة. ستُخصص العائدات لـ البحث والتطوير وتسريع الوصول إلى السوق (60%)، والاستثمارات الاستراتيجية (20%)، وتحسين هيكل رأس المال (20%).
سيؤدي إصدار الأسهم إلى تخفيض رأس المال بنحو 8.2% وتخفيض في الأصوات بنحو 8.6%. وافقت الشركة والمطلعون الرئيسيون على فترات قفل (lock-up) تبلغ 180 و90 يوماً على التوالي.
Sivers Semiconductors（纳斯达克斯德哥尔摩：SIVE）已完成定向增发，通过发行<25,675,675 股普通股，以每股 SEK 3.70 价格募集 SEK 95 百万。认购价较 2025 年 9 月 18 日 VWAP 有 9.8% 的折让。
本次发行吸引了瑞典及国际机构投资者，公司内部人员包括董事会成员和管理层在内，参与金额约为 SEK 2 百万。募集资金将用于 研发与市场进入加速（60%）、战略投资（20%）以及资本结构优化（20%）。
本次增发将导致资本稀释 8.2%，表决权稀释 8.6%。公司及核心内部人已分别同意 180 天 和 90 天 的锁定期。
- Raised SEK 95 million to strengthen financial position
- Strong institutional investor participation including insider commitment of SEK 2 million
- 60% of proceeds allocated to R&D and go-to-market acceleration
- Strategic focus on high-growth markets like SATCOM and AI datacenters
- 9.8% discount to market price on offering
- 8.2% dilution of existing shareholders
- Bypassed existing shareholders' pre-emptive rights
Insights
Sivers Semiconductors raises SEK 95M in directed share issue, diluting existing shareholders by 8.2% to fund growth initiatives in SATCOM and AI datacenter markets.
Sivers Semiconductors has successfully completed a SEK 95 million (
The company's decision to pursue a directed share issue rather than a rights offering was driven by three strategic considerations: diversifying the shareholder base with institutional investors, avoiding potential negative market reactions during volatile conditions, and reducing transaction complexity and costs. However, this approach results in
Management has earmarked the proceeds with
The transaction includes lock-up provisions with the company agreeing to a 180-day restriction on future share issuances, while participating board members and executives committed to a 90-day holding period. This structure suggests management confidence in the company's near-term trajectory while providing necessary capital to execute on growth initiatives without immediate further dilution.
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
The Directed Share Issue
The Board of Directors of Sivers Semiconductors has, based on the authorization granted by the Annual General Meeting held on 22 May 2025, resolved on the Directed Share Issue. A number of Swedish and international institutional investors participated in the Directed Share Issue, as well as members of the board, Bami Bastani and Todd Thomson, as well as CEO Vickram Vathulya and CFO Heine Thorsgaard. Participation from the Board and management amounts to approximately
The subscription price in the Directed Share Issue has been determined through an accelerated bookbuilding procedure and corresponds to a discount of approximately 9.8 percent in relation to the volume-weighted average price (VWAP) on Nasdaq Stockholm on 18 September 2025. As the subscription price in the Directed Share Issue has been determined through a book building procedure, the Board of Directors assesses that the subscription price reflects current market conditions and demand.
Deviation from the shareholders' pre-emptive rights
In respect of the proposed share issue, the Board of Directors of the Company has made an overall assessment and carefully considered the possibility of raising capital through a share issue with preferential rights for the Company's shareholders. The Board of Directors considers that the reasons for deviating from the shareholders' preferential rights are (i) to diversify and strengthen the Company's shareholder base with institutional investors in order to enhance the liquidity of the Company's shares, (ii) that a rights issue would take significantly longer to implement and entail a higher risk of a negative effect on the share price, especially in light of the current volatile and challenging market conditions, and (iii) that the implementation of a directed share issue can be done at a lower cost and with less complexity than a rights issue. Considering the above, the Board of Directors has made the assessment that a directed new issue of ordinary shares with deviation from the shareholders' preferential rights is the most favourable alternative for the Company to carry out the capital raising.
Background and rationale for the Directed Share Issue
Sivers Semiconductors has recently strengthened its focus and position as a leading supplier of advanced wireless and laser solutions, with a focus on high-growth markets such as SATCOM and AI datacenters. The Company has demonstrated solid execution momentum through strategic partnerships, expanding product offerings, and a growing customer engagement pipeline across key markets.
To capitalize on these opportunities, further reinforce its competitive position and drive topline growth, the Company has decided to carry out the Directed Share Issue. The purpose of the Directed Share Issue is to provide the financial resources necessary to accelerate R&D initiatives, support go-to-market investments, enable strategic investments, and optimize the Company's capital structure to ensure long-term financial resilience.
The proceeds from the Directed Share Issue are intended to be used as follows:
- Approximately 60 percent – R&D and GTM acceleration: Accelerate new product releases and pipeline commercialization through expanded R&D and go-to-market investments.
- Approximately 20 percent – Strategic investments: Invest in product capabilities and talent base to strengthen competitiveness and customer value.
- Approximately 20 percent – Capital structure optimization: Strengthen balance sheet to support long-term growth and enhance financial flexibility.
Lock-up undertakings
Subject to the completion of the Directed Share Issue, the Company has agreed to a lock-up undertaking, with certain exceptions, on future share issuances for a period of 180 calendar days after the closing of the Directed Share Issue. In addition, the shareholding members of the Board of Directors Bami Bastani, Tomas Duffy, Karin Raj, Todd Thomson and Keith Desmond Halsey as well as the Chief Executive Officer of the Company, Vickram Vathulya, and Chief Financial Officer, Heine Thorsgaard, have agreed not to sell any shares in the Company for a period of 90 days after the closing of the Directed Share Issue, subject to customary exceptions.
Number of shares, share capital and dilution
Through the Directed Share Issue, the Company's share capital will increase by
Advisers
Pareto Securities AB is acting as Manager and Setterwalls Advokatbyrå AB acts as legal adviser to the Company in connection with the Directed Share Issue.
For more information, please contact:
Heine Thorsgaard
CFO, Sivers Semiconductors
Phone: +45 2241 8090
Email: ir@sivers-semiconductors.com
This information is such insider information that Sivers Semiconductors AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 19 September 2025 at 24:45 CEST.
About Sivers Semiconductors
Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint.
For additional information, please visit us at: www.sivers-semiconductors.com (SIVE.ST)
Important information
This announcement is not for publication, release or distribution, in whole or in part, directly or indirectly, in or into
This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. The Company has not authorized any offer to the public of shares or other securities in any member state of the EEA and no prospectus has been or will be prepared in connection with the Directed Share Issue. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation.
In the
The securities referred to herein have not been and will not be registered under the
This announcement has been issued by, and is the sole responsibility of, the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Pareto Securities AB, or by any of their affiliates or agents as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.
The distribution of this announcement and the offering of the securities referred to herein in certain jurisdictions may be restricted by law. No action has been taken by the Company, Pareto Securities AB or any of their respective affiliates that would, or which is intended to, permit an offering of the securities in any jurisdiction or result in the possession or distribution of this announcement or any other offering or publicity material relating to the securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company and Pareto Securities AB to inform themselves about, and to observe, such restrictions.
This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Directed Share Issue. Any investment decision to buy shares in the Directed Share Issue must be made solely on the basis of publicly available information, which has not been independently verified by Pareto Securities AB.
This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities in any jurisdiction. This announcement does not constitute a recommendation concerning any investor's option with respect to the Directed Share Issue. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement and publicly available information. The price and value of securities can go down as well as up. Past performance is not a guide to future performance.
This announcement contains (or may contain) certain forward-looking statements with respect to certain of the Company's current expectations and projections about future events. These statements, which sometimes use words such as "aim", "anticipate", "believe", "intend", "plan", "estimate", "expect" and words of similar meaning, reflect the directors' beliefs and expectations and involve a number of risks, uncertainties and assumptions which could cause actual results and performance to differ materially from any expected future results or performance expressed or implied by the forward-looking statement. Statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The information contained in this announcement is subject to change without notice and, except as required by applicable law or the Nordic Main Market Rulebook for Issuers, the Company does not assume any responsibility or obligation to update publicly or review any of the forward-looking statements contained in it and nor do they intend to. You should not place undue reliance on forward-looking statements, which speak only as of the date of this announcement. No statement in this announcement is or is intended to be a profit forecast or profit estimate or to imply that the earnings of the Company for the current or future financial years will necessarily match or exceed the historical or published earnings of the Company. As a result of these risks, uncertainties and assumptions, the recipient should not place undue reliance on these forward-looking statements as a prediction of actual results or otherwise.
The English text is an unofficial translation of the original Swedish text. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.
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SOURCE Sivers Semiconductors
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