Circio Holding ASA: Cancellation of Subsequent Offering
Summary by AI BETAClose X
Reference is made to the stock exchange announcement made by Circio Holding ASA (the "Company") on 15 September 2026, whereby the Company announced the allocation of 16,865,000 new shares in the Company (the "Offer Shares"), raising gross proceeds of approximately NOK 200 million (the "Private Placement"), and a potential subsequent offering of up to 16,865,000 new shares raising gross proceeds of approximately NOK 200 million at the same subscription price as in the Private Placement (the "Subsequent Offering").
In the period since the announcement of the Private Placement, the Company's shares have traded below the subscription price, which is also currently the case. Trading volumes on days when the shares have traded below the subscription price have been several times the full volume of the potential Subsequent Offering.
Consequently, existing shareholders who did not participate in the Private Placement have had the opportunity to acquire shares in the Company at prices below the subscription price and reduce dilutive effects of the Private Placement.
Based on the above, the Company has decided to cancel the Subsequent Offering.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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