Born has acted as legal adviser to LifeClean International AB (publ), listed on Nasdaq First North Growth Market, in connection with a rights issue of
Born has acted as legal adviser to LifeClean International AB (publ), listed on Nasdaq First North Growth Market, in connection with a rights issue of units, consisting of shares. The company has resolved to issue up to approximately 900 billion shares to its shareholders, raising approximately SEK 50 million before issue costs. The proceeds are intended to strengthen the company’s financial position and enable continued commercialisation.
The rights issue was resolved by the company’s board of directors, subject to approval by an extraordinary general meeting of the company, scheduled for 10 March 2026.
The rights issue has been secured to 90.0 per cent through subscription undertakings from existing major shareholders and external investors. In the event that the rights issue is oversubscribed, the board of directors has proposed that it be authorised to extend the issue by resolving on a directed issue of shares to raise up to an additional SEK 15 million.
Further information regarding the share issue is available on LifeClean's website.
