Born has successfully advised LifeClean International AB (publ), whose shares are traded on Nasdaq First North Growth Market, in a directed share issue of approximately SEK 28 million before issue costs. The share issue was approved by the company’s board of directors under authorization from the annual general meeting.
The issue was directed to a number of professional investors and results in a dilution of 7.2%, providing the company with liquidity for its continued growth in PFAS remediation, which requires strengthening working capital and expanding the sales force. Eminova Partners Corporate Finance AB acted as financial advisor in the share issue.