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Lokotech Nears Completion of Major Warrant Exercise and Share Issue

Story Highlights
  • Lokotech investors exercised over 53 million warrants, triggering issuance of matching new shares.
  • The new shares will be registered and listed on Euronext Growth Oslo once payment and formalities conclude.
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Lokotech Nears Completion of Major Warrant Exercise and Share Issue

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Harmonychain AS ( (DE:7EW) ) has provided an update.

Lokotech Group AS has completed the exercise period for 54,908,272 warrants that were issued in connection with a previous rights issue raising approximately NOK 139 million. At expiry on 15 April 2026, holders exercised 53,279,926 warrants, leading to the issuance of an equal number of new shares in the company.

Allocated shares and payment details are being communicated via VPS, with payment for the new shares due on 20 April 2026 and registration of the share capital increase expected around 24 April 2026. Once fully paid, registered with the Norwegian Register of Business Enterprises and issued in VPS, the new shares will be admitted to trading on Euronext Growth Oslo under the existing ISIN and ticker, though they cannot be traded before all settlement and registration steps are completed.

More about Harmonychain AS

Lokotech Group AS is a Norway-based company listed on Euronext Growth Oslo under the ticker LOKO. The company operates in the technology and industrial sector, with its shareholder base accessing capital through equity issues and warrant structures in the Norwegian securities market.

Average Trading Volume: 4,331,349

Current Market Cap: NOK507.2M

Learn more about 7EW stock on TipRanks’ Stock Analysis page.

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