GiG Software raises EUR 2.5 million in directed share issue at SEK 1.73 per SDR

Reuters2026/08/26 05:45

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GiG Software completed a directed share issue of SDRs to existing shareholders, raising EUR 2.5 million in gross proceeds.
Subscription price set at SEK 1.73 per SDR; share count to rise to 176,907,744; dilution estimated at about 9%.
Separately entered 2-year convertible loans totaling EUR 6 million at 15% interest, with semi-annual interest payments.
Up to 25% of principal convertible every six months at a 10% discount to 10-day VWAP; dilution cannot be calculated yet.
Proceeds earmarked for the initial payment on an 80% stake in 888 Africa Limited, with remaining funds for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GIG Software plc published the original content used to generate this news brief via Cision (Ref. ID: 20260825:BIT:2154:0) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GiG Software raises EUR 2.5 million in directed share issue at SEK 1.73 per SDR

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