Seafire publishes disclosure document for SEK 140 million fully guaranteed rights issue

Seafire AB ( (SE:SEAF) ) has issued an announcement.

Seafire AB has published a disclosure document for its previously announced fully guaranteed rights issue of approximately SEK 140 million, following approval by an extraordinary general meeting. The document, prepared under the EU Prospectus Regulation framework and registered with the Swedish Financial Supervisory Authority, is now available on the company’s and Danske Bank’s websites.

The capital raise, for which Danske Bank acts as financial adviser and KANTER Advokatbyrå as legal adviser, comes with a set timetable that includes trading in subscription rights from 7–16 April and a subscription period running to 21 April. Preliminary and final results are expected on 23 and 24 April respectively, marking a key near-term milestone for Seafire’s financing that could strengthen its balance sheet and support its acquisition-driven growth strategy in the Swedish industrial and products sectors.

The most recent analyst rating on (SE:SEAF) stock is a Hold with a SEK7.00 price target. To see the full list of analyst forecasts on Seafire AB stock, see the SE:SEAF Stock Forecast page.

More about Seafire AB

Seafire AB is a Swedish industrial group focused on acquiring and developing profitable companies with growth potential in the segments Industrial Components and Products. Founded in 2016, the group comprises 12 companies with combined annual sales of about SEK 1 billion, and its shares are listed on Nasdaq Stockholm.

Average Trading Volume: 40,272

Technical Sentiment Signal: Sell

Current Market Cap: SEK448.3M

See more insights into SEAF stock on TipRanks’ Stock Analysis page.