Delphi advisor to Netmore Group AB in connection with a heavily oversubscribed rights issue

Delphi has advised Netmore Group AB in connection with a heavily oversubscribed rights issue of 2,785,933 shares of series A and 27,423,826 shares of series B, corresponding to approximately SEK 22.7 million. The rights issue was subscribed for to approximately 235 per cent.

Netmore Group is an IoT operator that develops a comprehensive solution for cities, industries, properties and homes. Netmore Group was formed in 2010 and since 2017 listed on the Nasdaq First North Growth Market.

Delphi’s team consisted of Mats Dahlberg and Matilda Karlsson.