The Board of Directors of Frill Holding AB (“Frill”) intends to decide on a directed issue of 4,333,333 new shares of series B, authorized by the AGM. The issue price is SEK 3 per share. The new share issue raises SEK 13 million.
The proceeds from the directed share issue shall be used, for example, to finance the marketing and sales of Frill’s products within the school system in California (see press release of 6 September 2019) and the growth in healthcare customers (e.g., hospitals, see Press release from 16 mai 2019). The new share issue is intended to replace Frills existing credit