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Today CDON has announced a major change in ownership, where US Nantahala Capital Management LLC now holds close to 2.3m shares (21.17% of capital). Concurrently, Rite Ventures holding 14.65% of shares, has confirmed that its holding is unchanged. According to Modular Finance, US ADW Capital Management, LLC holds c. 1.8m shares corresponding to 16.99% of capital. Our mid-point equity value in CDON is unchanged at SEK 275 per share.
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