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Urb-it: Capital Raise Expected to Last Till Early-to-Mid Q4 2022 - Redeye

Urb-it raised SEK 23.3m from a pre-committed circle of existing investors, including Fjärde AP-fonden, Handelsbanken Fonder, and Skandia. The shares were issued at SEK 2.85 per share (~9 percent discount) and we expect the funds to last till early-to-mid Q4 2022. The net effect on our fair value range is negligible, and we keep our fair value range.

Urb-it raised SEK 23.3m from a pre-committed circle of existing investors, including Fjärde AP-fonden, Handelsbanken Fonder, and Skandia. The shares were issued at SEK 2.85 per share (~9 percent discount) and we expect the funds to last till early-to-mid Q4 2022. The net effect on our fair value range is negligible, and we keep our fair value range.
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